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Policies designed to improve education in grades K through 12 will result primarily in
Uncollectible
Financial term referring to accounts receivable that are considered unlikely to be collected due to debtor default.
GAAP
Generally Accepted Accounting Principles; a collection of commonly-followed accounting rules and standards for financial reporting.
Allowance Method
An accounting technique used to account for bad debts by estimating uncollectible accounts at the end of each period.
Receivables
Money owed to a business by its customers for goods or services delivered or used but not yet paid for.
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