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Allowance for Doubtful Accounts is a contra asset account. A.True B.False Under the allowance method, Bad Debts Expense is debited when an account is deemed

Allowance for Doubtful Accounts is a contra asset account. A.True B.False

Under the allowance method, Bad Debts Expense is debited when an account is deemed uncollectible and must be written off. A.True B. False

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