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assuming rate of allowance is 5% P9-1B At December 31, 2011, Artie Kendall Imports reported the following information on its balance sheet. Instructions (a) Estimate

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assuming rate of allowance is 5%

P9-1B At December 31, 2011, Artie Kendall Imports reported the following information on its balance sheet. Instructions (a) Estimate bad debts using income statement approach (b) Esitmate bad debts using blanace sheet approach (b) Compute the accounts receivable turnover ratio for the year 2012

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