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Anita established a corporation in Nebraska,but she recently moved to Colorado where she now conducts her business.What type of corporation does Anita own?
Adjusting Entries
Journal entries made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.
Estimated Amount
A projection or approximation of a financial figure often used in budgeting or forecasting.
Allowance Method
A method used in accounting to estimate and account for bad debts, representing the amount of accounts receivable that may not be collected.
Allowance for Doubtful Accounts
A contra asset account that represents the estimated portion of accounts receivable that may not be collectible.
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