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The following information is available for Murphy Company: As a result of a review and aging of accounts receivable in early January 2018, it has

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The following information is available for Murphy Company: As a result of a review and aging of accounts receivable in early January 2018, it has been determined that an allowance for doubtful accounts of exist16,000 is needed at December 31, 2017. What amount should Murphy record as "bad debt expense" for the year ended December 31, 2017? A. exist40,000 B. exist19,000 C. exist16,000 D. exist13,000

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