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When Bad Debts Exceed the Amount Estimated and Written Off

question 35

True/False

When bad debts exceed the amount estimated and written off in the previous accounting period,the company is required to issue amended financial statements.


Definitions:

Text

Strings of characters used to represent words, sentences, or other forms of written communication.

CONCAT

CONCAT is a function in many programming and query languages that combines two or more strings (text values) into one continuous string.

SUBSTITUTE

A function in various programming and scripting languages that replaces occurrences of a specified substring within a string with another substring.

TEXTJOIN

A function in some spreadsheet programs that combines the text from multiple ranges or strings, and optionally places a delimiter between elements.

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