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A customer purchases $1,000 of products on credit from Dixon Enterprises in February. After many attempts to collect payment, Margo, the Dixon accountant, decides that
A customer purchases $1,000 of products on credit from Dixon Enterprises in February. After many attempts to collect payment, Margo, the Dixon accountant, decides that the amount is uncollectible. In December, Margo uses the direct write-off method to write off the $1,000. Margo most likely used this method to __________. Group of answer choices write off the amount quickly and easily. record revenues and expenses in the same period. use estimates to write off the amount. categorize the amount as an operating expense
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