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Jayson Tully is contemplating the purchase of a Subway restaurant franchise.Tully has made a list of the disadvantages that he faces.Which of the following is actually an advantage?
Allowance Method
An accounting technique used to estimate the amount of bad debts that will not be collected from customers.
Note Receivable
A financial asset representing a promise to receive a specific amount of money at one or more future dates, typically a formal loan to another entity.
Uncollectible Account
A receivable that a company has deemed to be uncollectable from the debtor, often written off as bad debt or expense.
Accounts Receivable
Funds that are owed to a company by customers for goods or services delivered or used but not yet paid for, typically within a short-term period.
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