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Which of the following statements is false? An entry to write-off an uncollectible account does not change the net realizable value of accounts receivable.
Which of the following statements is false? An entry to write-off an uncollectible account does not change the net realizable value of accounts receivable. The issuer of a note records a receivable on their books on the date the note is issued. Using the allowance method of accounting for accounts receivables follows the matching concept. Recording an accrued asset for interest increases stockholders' equity.
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