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Assuming that uncollectible accounts expense is estimated based on percentage of net credit sales, writing off an uncollectible account receivable would: A. increase expenses. B.
Assuming that uncollectible accounts expense is estimated based on percentage of net credit sales, writing off an uncollectible account receivable would:
A. | increase expenses. | |
B. | decrease net income. | |
C. | have no impact on total current assets. | |
D. | decrease total assets. |
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