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Business, 17.03.2020 21:22 FombafTejanjr3923

During the year, bad debts expense was charged at a rate of 0.5% of credit sales. At year end, an aging analysis of the accounts receivable indicates that the appropriate allowance for doubtful accounts balance is 3% of the outstanding accounts receivable balance. The most appropriate year-end adjustment (in thousands) to the allowance for doubtful accounts is a(n):

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During the year, bad debts expense was charged at a rate of 0.5% of credit sales. At year end, an ag...
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