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Freeman Corporation Estimates Uncollectible Accounts Using a Percentage of Outstanding

Question 97

Multiple Choice

Freeman Corporation estimates uncollectible accounts using a percentage of outstanding accounts receivable. After the year-end adjustment for bad debt expense was made, the company's records reflected the following information: Freeman Corporation estimates uncollectible accounts using a percentage of outstanding accounts receivable. After the year-end adjustment for bad debt expense was made, the company's records reflected the following information: The bad debt expense for the year was A) $1,100 B) $1,400 C) $1,500 D) 13,500 The bad debt expense for the year was


A) $1,100
B) $1,400
C) $1,500
D) 13,500

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