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Identify the characteristics of a charter school.
Bad Debts Recovered
The unexpected receipt of payment on accounts previously written off as bad debts, leading to an income entry in the financial statements.
Accounts Receivable
Reflects the funds that a business is entitled to receive from purchasers for transactions on credit.
Bad Debt Expense
An expense account reflecting the cost of accounts receivable that a company does not expect to collect due to customers' inability to pay.
Uncollectible
Refers to accounts receivable that a business deems unlikely to be collected and writes off as a loss.
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