Explain why, when an entity uses the percentage-of-receivables or percentage-of credit-sales method of accounting for bad debts,

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Explain why, when an entity uses the percentage-of-receivables or percentage-of credit-sales method of accounting for bad debts, a writedown of a receivable has no effect on the income statement.

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Financial Accounting A Critical Approach

ISBN: 978-1259066528

4th edition

Authors: John Friedlan

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Question Posted: Feb 26, 2015 11:00 AM

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Explain why, when an entity uses the percentage-of-receivables or percentage-of credit-sales method of accounting for bad debts,

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Financial Accounting A Critical Approach

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