Knowledge-based activities are designed to handle large volumes of transactions

Common stock represents the basic ownership of every corporation

Indicate whether the statement is true or false

For a company with significant uncollectible receivables, the direct write-off method is unsuitable because ________

A) it overstates liabilities on the balance sheet B) it violates the matching principle C) it uses estimates for determining the bad debt expense D) companies are not able to track customer payment histories