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(20) A company estimates that 5% of its $200 000 of accounts receivable will be ...
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(20) A company estimates that 5% of its $200 000 of accounts receivable will be uncollectible. Its Allowance for Doubtful Accounts presently has a credit balance of $5 000 and the company makes accounting entries based on the above-mentioned estimates. What is the correct name for the accounting method used?
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