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Business, 28.10.2020 17:00 fbpsye69

Effect of Doubtful Accounts on Net IncomeDuring its first year of operations, Mack's Plumbing Supply Co. had sales of $630,000, wrote off $10,100 of accounts as uncollectible using the direct write-off method, and reported net income of $69,300. Determine what the net income would have been if the allowance method had been used, and the company estimated that 2.5% of sales would be uncollectible.

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Effect of Doubtful Accounts on Net IncomeDuring its first year of operations, Mack's Plumbing Supply...

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