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Which of the following is an external cost of an automobile?
Income Statement Approach
A method of accounting or financial analysis focusing on revenues, expenses, and net income to evaluate a company's performance over a period.
Net Credit Sales
Sales made on credit minus returns and allowances, representing the actual sales revenue expected to be collected.
Allowance for Doubtful Accounts
A contra-account that reduces the total receivables on the balance sheet by an amount expected to be uncollectible.
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