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    College Accounting
  4. Exam
    Exam 15: Accounts Receivable and Uncollectible Accounts
  5. Question
    The Estimated Loss from Uncollectible Accounts for the Year Will
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The Estimated Loss from Uncollectible Accounts for the Year Will

Question 67

Question 67

Short Answer

The estimated loss from uncollectible accounts for the year will be __________________ if the firm has net sales of $400,000 for the year and bases its estimate of loss on 0.6 percent of net sales.

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