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If the amount of uncollectible accounts and bad debt expense are understated at year end, a. owner's equity will be understated. b. the carrying amount
If the amount of uncollectible accounts and bad debt expense are understated at year end,
a. owner's equity will be understated.
b. the carrying amount of accounts receivable will be overstated.
c. profit will be understated.
d. allowance for doubtful accounts will be overstated.
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