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Why might the Allowance for Doubtful Accounts have a positive balance in the accounting chart before recording the year's bad debt expense? Select all that
Why might the Allowance for Doubtful Accounts have a positive balance in the accounting chart before recording the year's bad debt expense? Select all that apply. (2 points) The previous allowance was underestimated. Write-offs in the year were lower than expected. Write-offs in the year were higher than expected. The previous allowance was overestimated. There were more cash sales and fewer credit sales in the year than expected
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