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Which of the following is NOT an attribute of the Allowance for UncollectibleAccounts? A. It is a contra account. B. It is on the asset
Which of the following is NOT an attribute of the Allowance for UncollectibleAccounts?
A.
It is a contra account.
B.
It is on the asset side of the balance sheet.
C.
It normally has a credit balance.
D.
The balance in the account increases when an uncollectible account is written off.
E.
It reduces Accounts Receivable.
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