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Question Under the aging method of estimated bad debts, what is the most accurate statement that can be said about bad debt expense? It is
Question Under the aging method of estimated bad debts, what is the most accurate statement that can be said about bad debt expense? It is an accounting mechanism used because of its simplicity and clarity. It's a plug number to keep the debits equal to the credits in the adjusting journal entry. It creates a tax expense. It creates an accurate assessment of the current year's uncollectible expense
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