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Which of the following is true of the Allowance for Uncollectible Accounts account? It is a nominal account It is a contra-revenue account O Its

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Which of the following is true of the Allowance for Uncollectible Accounts account? It is a nominal account It is a contra-revenue account O Its balance following the year end adjustment should equal Bad Debt Expense as of the end of the year It should have a credit balance at year end following the adjustment for estimated uncollectible accounts receivable

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