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Your business has recorded Allowance for Inventory Obsolescence, Allowance for Doubtful Debts, and Bad Debt expense. Do the allowances and the expense all satisfy the

Your business has recorded Allowance for Inventory Obsolescence, Allowance for Doubtful Debts, and Bad Debt expense. Do the allowances and the expense all satisfy the requirements for claiming a tax deduction? Explain why?

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