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The disadvantage of swaps is that ________.
Uncollectible Receivables
Debts owed to a company that are considered impossible or highly unlikely to be paid, often written off as bad debt.
Bad Debt Expense
An estimated expense that represents the amount of receivables that a company does not expect to collect due to customers' inability to pay.
Allowance for Doubtful Accounts
An estimation of the amount of accounts receivable that may not be collectible, serving as a contra asset account.
Aging Method
An accounting technique used to estimate the amount of bad debt expense by classifying accounts receivable according to their age.
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