Question: A. Duck Ponds, Inc. uses the allowance method to determine their bad debt expense. The allowance for bad debts is based upon the balance in
A. Duck Ponds, Inc. uses the allowance method to determine their bad debt expense. The allowance for bad debts is based upon the balance in accounts receivable. Based upon past experience A. Duck Ponds, Inc. uses the rate of 0.75% (.0075) of accounts receivable to determine the appropriate balance in the Allowance for Doubtful accounts. Round the balance in this allowance account (your calculated year end balance) to the nearest whole dolla
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