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If d. $140,000 13. Tinsel Co.'s balances in allowance for uncollectible accounts were $70,000 at the beginning of the current year and $55,000 at year

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If" d. $140,000 13. Tinsel Co.'s balances in allowance for uncollectible accounts were $70,000 at the beginning of the current year and $55,000 at year end. During the year, receivables of $35,000 were written off as uncollectible. What amount should Tinsel report as uncollectible accounts expense at year end? i." a. $20,000 It" b. $15,000 if" c. $35,000 If" d. $50,000 14. During the year, Hauser Co. wrote off a customer's account receivable. Hauser used the allowance method for uncollectable accounts. What impact would the write-off have on net income and total assets? m Total income assets r\" a. No effect No effect {a b. Decrease Decrease r' c. No effect Decrease t" d. Decrease No effect 15. A shoe retailer allows customers to return shoes within 90 days of purchase. The company estimates that 5% of sales will be returned within the 90-day period. During the month. the company has sales of $200,000 and returns of sales made in prior months of r\" a. $190,000 r\" b. $195,000 r\" c. $185,000 If" d. $200,000

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