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Allowance for Uncollectibles Contra Account Appears Among the _____ on a Firm's

Question 78

Multiple Choice

Allowance for Uncollectibles contra account appears among the _____ on a firm's balance sheet as a(n) _____.

A) liability; subtraction
B) liability; addition
C) assets; addition
D) assets; subtraction
E) shareholders' equity; subtraction

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