Examlex
The exclusion of a percentage of the capital gain realized on the sale of qualified small business stock acquired after February 17, 2009, and before September 27, 2010, results in an effective tax rate on these capital gains of
Uncollectible Accounts
These are debts that cannot be collected by a business, typically due to the debtor's inability to pay.
Adjusting Entries
The journal entries that bring the accounts up to date at the end of the accounting period.
Credit Balance
A situation in a financial account where the total credits exceed the total debits, often indicating an amount owed to the account holder.
Allowance for Doubtful Accounts
A contra-asset account that reduces the total receivables on the balance sheet to reflect the amount expected not to be collected.
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