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Under the allowance method, recording the write - off of an uncollectible account will have what effect on the accounting equation? a . Total assets
Under the allowance method, recording the writeoff of an uncollectible account will have what effect on the
accounting equation?
a Total assets decrease and equity decreases.
b Total assets remain unchanged.
c Total assets increase and equity decreases.
d Liabilities increase and equity decreases
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