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Manley operates a law practice on the accrual method and calendar year. At the beginning of the year, Manley's firm had an allowance for doubtful accounts with a balance of $15,000. At the end of the year, Manley recorded bad debt expense of $23,000 and the balance of doubtful accounts had increased to $18,000. What is Manley's deduction for bad debt expense this year?
Human Character
The mental and moral qualities distinctive to an individual; the collective traits and behaviors that make up an individual's personality.
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Universal virtues refer to qualities considered good, valuable, and desirable across almost all cultures and societies.
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Fundamental requirements that serve as the foundation for survival, including water, food, shelter, and safety.
Self-determination
A psychological concept suggesting that individuals have innate needs for autonomy, competence, and relatedness, which when fulfilled, can lead to enhanced motivation and wellbeing.
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