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Assume that you are the accounting manager of a firm and the CFO has asked you to prepare an analysis of the income statement approach

Assume that you are the accounting manager of a firm and the CFO has asked you to prepare an analysis of the "income statement approach" and the "balance sheet approach" to calculating bad debts. In a one-page document, summarize each and provide any pros or cons each possesses. Include 4-6 scholarly references.

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