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If Four Star Uses the Balance Sheet Approach in Estimating

Question 212

Multiple Choice

If Four Star uses the balance sheet approach in estimating uncollectible accounts, and aging the accounts receivable indicates the estimated uncollectible portion to be $24,000, the uncollectible accounts expense for the month is:


A) $24,000.
B) $13,250.
C) $34,750.
D) $10,750.

Correct Answer:

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