what 3 are risk factors inherent in estimating the amount of customer write-offs

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Identify at least three (3) risk factors inherent in estimating the amount of
customer write-offs. Explain the procedural steps in which accountants or
auditors would follow to identify where material misstatement of receivables and
associated gross income has occurred. Explain your rationale.

what are the primary advantages and disadvantages of applying the direct write-off and
the allowance method of writing off accounts. Even though the direct write-off
method is not acceptable for generally accepted accounting principles (GAAP)
reporting, take a position on whether or not estimating the allowance for
doubtful accounts distorts gross income. Propose an alternative method to
increase the accuracy of reporting. Explain your rationale.

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