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How is the allowance method of accounting for bad debts different from the direct write off method? Which is the preferred method? Why? In what

How is the allowance method of accounting for bad debts different from the direct write off method? Which is the preferred method? Why?

In what ways are accounts receivable similar to a note receivable? How are they different?

Why might a company choose to issue a note receivable over an account receivable?

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