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The Allowance Method Has Two Basic Elements: (1)an Estimate of the Amount

question 49

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The allowance method has two basic elements: (1)an estimate of the amount of accounts receivable that will ultimately be uncollectible and (2)a contra account that contains the estimate and is deducted from the accounts receivable.


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Community

An interacting group of various species living in a common location.

Agriculture

The science or practice of farming, including cultivation of the soil for the growing of crops and the rearing of animals to provide food, wool, and other products.

Beneficial Use

The use of resources in a way that brings positive effects to the environment or society.

Technology

Application of scientific information to solve or address a need of humans.

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