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During 2019, Oldham Corporation recorded a depreciation expense of 35,000 and a provision for bad debt expense of $25,000. Its financial statements also reported the

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During 2019, Oldham Corporation recorded a depreciation expense of 35,000 and a provision for bad debt expense of $25,000. Its financial statements also reported the following: Increase in accounts receivable Increase in accounts payable Increase in allowance for doubtful accounts 25,000 26,000 15,000 As a result of these transactions, cash collected from customers would be calculated (direct method) by adjusting sales revenue with $35,000 increase $10,000 decrease. 545,000 increase. $25,000 increase. $35,000 decrease

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