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Paleoindians used spears tipped with Clovis points to hunt large game in southern Europe during the Upper Paleolithic.
Allowance Method
An accounting technique used to account for bad debts, where estimated uncollectible accounts are expensed, adjusting the accounts receivable balance.
Accounts Receivable
Outstanding payments due to a company from its customers for delivered or utilized goods and services.
Bad Debt Expense
An estimate of loss due to customers' inability to make payments, recognized as an expense in accounting.
Allowance Method
An accounting technique used to estimate and account for doubtful accounts, providing an allowance for accounts receivable that may not be collectible.
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