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Financial Accounting Discussion Questions

**does not need to be in APA or no min word count**

DQ# 1

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  • How are bad debts accounted for under the direct write-off method? ;What are the disadvantages of this method?
  • Why would you select the percentage of sales method for calculating doubtful accounts instead of the percentage of receivables method? ; What are disadvantages and advantages of each of these methods of accounting for bad debts?

DQ#2 ;

  • What are the basic/important issues related to accounting for intangible assets?
  • Pendergrass Company hires an accounting intern who says that intangible assets should always be amortized over their legal lives. Is the intern correct? ;Explain why (or why not).

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“FIRST15”

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