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Coffman Electronics owes TVX Enterprises $10,000 for products purchased on credit. However, Coffman has gone out of business and will never repay the amount to
Coffman Electronics owes TVX Enterprises $10,000 for products purchased on credit. However, Coffman has gone out of business and will never repay the amount to TVX. Given this information, TVX should _________________. Group of answer choices consider the $10,000 a bad debts expense. categorize the $10,000 as accounts receivable. increase the amount owed by Coffman on the balance sheet. add interest and fees to the amount owed by Coffman
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