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Under the direct write-off method of uncollectible accounts, the effect on the accounting equation of writing off a customer's account is a.an increase in liabilities
Under the direct write-off method of uncollectible accounts, the effect on the accounting equation of writing off a customer's account is
a.an increase in liabilities and a decrease in stockholders' equity (expense)
b.an increase in assets and an increase in liabilities
c.a decrease in assets and a decrease in liabilities
d.a decrease in assets and a decrease in stockholders' equity (expense)
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