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On December 31, Year 1, the West Corporation estimated that $6,000 of its receivables might not be collected. At the end of Year the unadiusted

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On December 31, Year 1, the West Corporation estimated that $6,000 of its receivables might not be collected. At the end of Year the unadiusted balances of Accounts Recevable and Allowance for Doubtful Accounts were $150,000 and zero On February 1 Year 2 West wrote-off of a delinquent account from one of its customers. West Corp. uses the allowance method. Indicate whether each of the following statements is true or false. 8 os a) The netra ble value of counts receivable the appropriate adjustment at the end of Year 1) was $144.000 b) The write-off of the account on February 1 Year 2 did not affect the net realizable value of West's accounts receivable c) The adjustment at the end of Year 2 had no effect on West's to assets c) The February 1 will off had no effect on Wear's Year 2 totales o) The February 1 write-off decreased Year 2 net income

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