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In a short essay, describe how managers can effectively plan when the external environment is continually changing.
Allowance For Doubtful Accounts
The contra asset account for accounts receivable.
Adjusting Journal Entry
A record in accounting that is used to adjust incomes and expenses to match the accounting period in which they actually occurred.
Net Realizable Value
The estimated selling price of goods minus the costs of their sale or disposal.
Allowance For Doubtful Accounts
An account opposite to assets that predicts the amount of accounts receivable that might not be recoverable.
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