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Why are estimates of bad debts used to record uncollectible amounts of accounts receivable? A. Because the actual amount of uncollectible accounts can never be
Why are estimates of bad debts used to record uncollectible amounts of accounts receivable? A. Because the actual amount of uncollectible accounts can never be known. B. Doing so avoids violating the expense recognition ("matching") principle. C. It is the most conservative approach. D. It is an easier method than waiting for accounts to actually become uncollectible.
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