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Net vs. Gross. This seems to pop up in many places in accounting. With regard to receivables, please comment on the two methods including how
Net vs. Gross. This seems to pop up in many places in accounting. With regard to receivables, please comment on the two methods including how it impacts the balance sheet and income statement; how to correct changes in estimates under each method, and which one results in higher net income. Please be specific and include at least one example to support your conclusions.
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