Question: Explain with the use of a numerical example why any adjustment for the allowance for irrecoverable receivables at the year-end will either lead to a

Explain with the use of a numerical example why any adjustment for the allowance for irrecoverable receivables at the year-end will either lead to a decrease or an increase in the allowance for irrecoverable receivables. How would both an increase and a decrease in the allowance for irrecoverable receivables be shown in the income statement? Use 175 words or less for your whole answer to this question.

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