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During 2021, Marigold Corp., which uses the allowance method of accounting for doubtful accounts, recorded a provision for bad debt expense of $42000 and in
During 2021, Marigold Corp., which uses the allowance method of accounting for doubtful accounts, recorded a provision for bad debt expense of $42000 and in addition it wrote off, as uncollectible, accounts receivable of $11000. As a result of these transactions, net cash flows from operating activities would be calculated (indirect method) by adjusting net income with a
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