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The cross-sectional approach to developmental research compares individuals of different ages:
Uncollectible Account
A receivable that is considered uncollectible from a debtor, usually displayed as an expense.
Allowance for Doubtful Accounts
A contra-account reducing accounts receivable to reflect the amount expected not to be collected due to customers' defaulting.
Gross Amount
The total amount before any deductions, such as taxes, expenses, or discounts, are subtracted.
Trade Receivables
Trade receivables are amounts due to a business for goods sold or services provided on credit terms to customers.
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