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On June 20, 2018, Jarden Company concludes that a customer's $4,750 receivable (created in 2017) is uncollectible and that the account should be written off.
On June 20, 2018, Jarden Company concludes that a customer's $4,750 receivable (created in 2017) is uncollectible and that the account should be written off. What effect with this action have on Jarden's 2018 net income? Explain.
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