The direct write-off method records bad debt expense in the year the specific account receivable is determined to be uncollectible.

In terms of absolute dollar volume, the top 3 leaders in world exports are

A) Japan, China, and the European Union.
B) the United States, England, and Canada.
C) Germany, England, and the United States.
D) China, the United States, and Germany.

AASB 116 requires which of the following disclosures for each class of property, plant and equipment?

A) The type of deprecation methods used.
B) The useful lives or the depreciation rates used.
C) Whether the class of assets is valued using the cost or revaluation method.
D) All of the options are correct.