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6. How does management determine the valuation of the allowance for doubtful accounts? Does this process differ from account balances based on recording transactions, such

6. How does management determine the valuation of the allowance for doubtful accounts? Does this process differ from account balances based on recording transactions, such as cash transactions? If so, how does it differ and how do you treat in differently in regard to audit evidence). 150 words minimum. -

7. What information should a company use to make the estimate of the allowance for doubtful accounts? 100 words minimum -

8. How important are changes in economic conditions to making an estimate of the allowance for doubtful accounts? Explain. 100 words minimum.

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