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Daniel wanted to buy a Renata car. However, when he learned that the nearest service center was about 50 miles from his residence, he decided to consider other brands. He did not want to drive that far every time he needed to get the car serviced or repaired. In this case, Daniel's decision was primarily influenced by the _____ associated with the product.
Uncollectible Receivables
These are amounts due to a company from its customers that are considered unlikely to be collected.
Adjusting Entry
An accounting entry made at the end of an accounting period to record unrecognized income or expenses to ensure that the accounting records are accurate.
Allowance for Doubtful Accounts
A contra-account reducing accounts receivable on a balance sheet, reflecting the amount of receivables a company believes it will not collect.
Estimated Uncollectible
The anticipated portion of receivables that a company expects not to collect.
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