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Your friend Markham, a fellow student at college, is looking at the latest financial reports from a large public company he is thinking of investing

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Your friend Markham, a fellow student at college, is looking at the latest financial reports from a large public company he is thinking of investing in. He has only just started studying accounting, and is puzzled by the fact that the Bad Debts Expense on the income statement is not the same amount as the Allowance for Doubtful Accounts on the statement of financial position. "I thought they were the same thing," he says to you, "but just the opposite sides of a coin, so to speak. Isn't that right? If so, shouldn't they be the same amount?" Instructions Explain to Markham why the Bad Debts Expense and the Allowance for Doubtful Accounts are not usually the same amount. Your post should be 1 to 2 paragraphs long (between 50 - 100 words). Provide examples to support your explanation

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