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    College Accounting Study Set 1
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    Exam 13: Accounting for Bad Debts
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    Last Year,Congo Corporation Had Net Credit Sales of $690,000 and It
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Last Year,Congo Corporation Had Net Credit Sales of $690,000 and It

Question 1

Question 1

Multiple Choice

Last year,Congo Corporation had net credit sales of $690,000 and it had uncollectible accounts of $31,050.Based on last year,what would the percent of estimated uncollectible accounts be this year?


A) 7) 10%
B) 3) 55%
C) 4) 50%
D) 45.00%

Correct Answer:

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