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What are ocean shipping rates based upon?
Allowance for Doubtful Accounts
A contra-asset account used to estimate the portion of accounts receivable that may not be collectible, reflecting potential losses.
Allowance for Doubtful Accounts
A contra asset account used to estimate the portion of accounts receivable that is expected to be uncollectible.
Cash Realizable Value
The amount of money that a company expects to receive from receivables in cash.
Allowance Method
An accounting technique used to account for bad debts by estimating uncollectible accounts at the end of each period.
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