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Slide29 - Applying the Allowance Method Using a Percentage...

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Unformatted text preview: Applying the Allowance Method Using a Percentage of Accounts Receivable - The percentage of accounts receivable method estimates uncollectible accounts based on the historical relationship between uncollectibles to year-end gross accounts receivable—not sales - Additions to the allowance account are calculated to achieve a target ending balance ...
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