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A company used the aging of accounts receivable method. At December 31, management determined that the net realizable value of accounts receivable was $304,000. The

A company used the aging of accounts receivable method. At December 31, management determined that the net realizable value of accounts receivable was $304,000. The balance in accounts receivable was $384,000 and the unadjusted credit balance in allowance for doubtful accounts was $16,000. What was the amount of bad debt expense for the year?

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