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    Financial and Managerial Accounting Study Set 6
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    Exam 7: Accounts and Notes Receivable
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    A Company Has Sales of $350,000 and Estimates That 0
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A Company Has Sales of $350,000 and Estimates That 0

Question 150

Question 150

True/False

A company has sales of $350,000 and estimates that 0.5% of its sales are uncollectible. The company's reported amount of bad debts expense is $1,750.

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