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A(n) ____ activity is one that happens on a regular basis.
Direct Write-off Method
An accounting method where uncollectable accounts receivable are directly written off against income at the time they are deemed nonrecoverable.
Uncollectible Accounts
Accounts receivable that are considered unlikely to be collected and therefore written off as an expense to the business.
Allowance Method
An accounting technique used to estimate uncollectible accounts receivable and adjusting the books accordingly.
Bad Debts
Accounts receivable that are considered uncollectible, leading to a financial loss for the company.
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