Miami Company uses Allowance for Doubtful Accounts.When Miami writes off an uncollectible account,there is:

Question

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Writing off an uncollectible account means decreasing the Accounts Receivable balance because that account is no longer considered an asset. There is no impact on expenses or net income because the allowance for doubtful accounts has already been established to anticipate losses from uncollectible accounts.

Miami Company Uses Allowance for Doubtful Accounts