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On January 1, 2011, Nicole Corporation Changed Its Method of Accounting

Question 64

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On January 1, 2011, Nicole Corporation changed its method of accounting for bad debts from the direct write-off method to the allowance method. The company's controller determined that an allowance of $22,000 should be established on that date.
On January 1, 2011, Nicole Corporation changed its method of accounting for bad debts from the direct write-off method to the allowance method. The company's controller determined that an allowance of $22,000 should be established on that date.

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