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A company uses the allowance method to account for uncollectible accounts receivable. When the firm writes off a specific customer's account receivable, a.the net realizable
A company uses the allowance method to account for uncollectible accounts receivable. When the firm writes off a specific customer's account receivable,
a.the net realizable value of accounts receivable increases
b.total expenses for the period are increased
c.there is no effect on total current assets or total expenses
d.total current assets are reduced
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