ExamTopics Logo
Mail Us[email protected]
Menu
Iia Discussions
exam questions

Exam IIA-CIA-Part3 All Questions

View all questions & answers for the IIA-CIA-Part3 exam
Go to Exam

Exam IIA-CIA-Part3 topic 1 question 20 discussion

Actual exam question from IIA's IIA-CIA-Part3
Question #: 20
Topic #: 1
[All IIA-CIA-Part3 Questions]

The percentage of sales method, rather than the percentage of receivables method, would be used to estimate uncollectible accounts if an organization seeks to:

  • A. Use an aging schedule to more closely estimate uncollectible accounts.
  • B. Eliminate the need for an allowance for doubtful accounts.
  • C. Emphasize the accuracy of the net realizable value of the receivables on the balance sheet.
  • D. Use a method that approximates the matching principle.
Show Suggested Answer Hide Answer
Suggested Answer: D 🗳️
by Noma01 at Jan. 17, 2021, 9 a.m.

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
Submit Cancel
Langha
8 months, 2 weeks ago
D is correct .. A pertains to the Balance sheet method B is irrelvant because allowance will be created in both the method C is not plausible reason
upvoted 4 times
...
Noma01
1 year, 6 months ago
Where can we can the explanations for the correct answers?
upvoted 1 times
...
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel