[jessanqi]

write-off of collectible receivables under the direct write-off method.

This is change in accounting estimate, the answer for the accounting treatment is “current income”.

however, there is another choice on the question is “prospective treatment”. I see the accounting treatment for the change in accounting estimate is prospective treatment on wiley textbook.

Can some please verify, which one should I choose.

Thank you in advance!!

[Anonymous]

Prospective would include making adjustments in current income I would think-current and future periods is what prospective means.

[Author]

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