Question: ( 1 ) Required Information Knowledge Check 0 1 At the end of Year 1 , Fulton Corporation estimates uncollectible accounts to be (

(1)
Required Information
Knowledge Check 01
At the end of Year 1, Fulton Corporation estimates uncollectible accounts to be \(\$ 10,000\). Actual bad debts during Year 2 totaled \(\$ 12,000\). This indicates that management's estimate of uncollectible accounts in Year 1 was:
Multiple Choice
too low.fraudulent.
too high.
( 1 ) Required Information Knowledge Check 0 1 At

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