The company you work for has been highly profitable this year. Your boss tells you to overestimate

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The company you work for has been highly profitable this year. Your boss tells you to overestimate the allowance for doubtful accounts. He says the income statement can handle the charge this year and the excess reserve can be used to increase earnings in future years. Is his proposal acceptable?

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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