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Probability analysis can now tell us precisely when and where a tsunami is likely to occur.
Allowance for Doubtful Accounts
A reserve against the portion of accounts receivable that may not be collectible, reducing the book value to the amount expected to be collected.
Gross Amount
The total or whole amount of something before any deductions, such as taxes or discounts, are made.
Allowance Method
An accounting technique that estimates and sets aside a portion of accounts receivable deemed not collectible.
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