Soo Eng cannot understand why cash realizable value does not decrease when an uncollectible account is written

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Soo Eng cannot understand why cash realizable value does not decrease when an uncollectible account is written off under the allowance method. Clarify this point for Soo Eng.

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Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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