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Cook Company determined that the net value of its accounts receivable at December 31, year 5, based on an aging of the receivables, was
Cook Company determined that the net value of its accounts receivable at December 31, year 5, based on an aging of the receivables, was $235,000 Additional information is as follows: Allowance for credit losses - 1/1/year 5 Uncollectible accounts written off during year 5 Uncollectible accounts recovered during year 5 Accounts receivable at 12/31/year 5 How much was recognized a credit loss expense? $ 40,000 $ 22,000 $ 8,000 $ 270,000 Multiple Choice $9,000 $14.000 $26,000
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