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Which of the following industries has been deregulated?
Allowance for Doubtful Accounts
An account that offsets assets, specifically designed to anticipate the part of accounts receivable that might be uncollectible.
Aging Method
A technique used in accounting to estimate uncollectible accounts receivable by categorizing them based on the length of time they have been outstanding.
Allowance for Doubtful Accounts
A contra-asset account used to reduce the total receivables reported to reflect only the amounts expected to be collected.
Bad Debts Expense
Bad debts expense represents the loss that a company anticipates or realizes from customers who are unable to pay their outstanding balances.
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