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Discuss the various major strikes that occurred after the Civil War. Include the Great Railroad Strike of 1877, the Homestead strike, and the Pullman strike. What were the similarities and differences with each?
Allowance Method
An accounting technique that anticipates and adjusts for potential future bad debts or credit losses.
Net Income
The total profit of a company after all expenses and taxes have been subtracted from revenues.
Allowance for Doubtful Accounts
A contra-asset account that estimates the portion of accounts receivable which may not be collected, reducing the reported amount of receivables.
Bad Debt Expense
The cost a company incurs because of the inability to collect payments from customers for credit sales, recognized as an expense.
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