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A company is in its first year of operations and has never written off any accounts receivable as uncollectible. When the allowance method of rec-

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A company is in its first year of operations and has never written off any accounts receivable as uncollectible. When the allowance method of rec- ognizing bad debt expense is used, the entry to recognize that expense: a. increases net income b. decreases current assets c. has no effect on current assets d. has no effect on net income M6 LO

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