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Charleston Company had determined that one of its accounts receivable, with a balance of $ 1 5 , 0 0 0 is uncollectible. The Company
Charleston Company had determined that one of its accounts receivable, with a balance of $ is uncollectible. The Company has been properly estimating and recording an allowance for doubtful accounts each year. When Charleston Company writes off the uncollectible account, which of the following is TRUE:
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