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Company U has accounts $2,000,000 receivable and $50,000 related allowance account. Accounts receivables were. estimated to be 3% uncollectible. Foster Co. adjusted its allowance for

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Company U has accounts $2,000,000 receivable and $50,000 related allowance account. Accounts receivables were. estimated to be 3% uncollectible. Foster Co. adjusted its allowance for uncollectible accounts at year-end using the estimated percentage of uncollectible. What would be the adjustment to allowance for uncollectible accounts at yearend? A. $60,000 decrease B. $10,000 increase. C. $20,000 increase. D. $10,000 decrease

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