All of the following are disadvantages of the Payback Period, except: Multiple Choice The method ignores the time value of money. All projects are considered based upon cash flows alone. Cash flows that extend beyond the cutoff date are not considered. The company must select a specified number of years to compare projects. The method incorporates the time value of money.

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.