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Under the direct write-off method of accounting for uncollectible accounts, if a written off account is later collected, the overall effect of the two required
Under the direct write-off method of accounting for uncollectible accounts, if a written off account is later collected, the overall effect of the two required entries on the accounting equation is a(n)
a.increase in assets and an increase in stockholders equity b.decrease in assets and a decrease in stockholders equity c.increase in liabilities and a decrease in stockholders equity d.increase in assets and an increase in liabilities
Under the direct write-off method of accounting for uncollectible accounts, if a written off account is later collected, the overall effect of the two required entries on the accounting equation is a(n)
a.increase in assets and an increase in stockholders equity
b.decrease in assets and a decrease in stockholders equity
c.increase in liabilities and a decrease in stockholders equity
d.increase in assets and an increase in liabilities
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