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Home Q & A Board Other Fields Homework Help Business Accounting
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skiddd skiddd
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5 years ago
Marston Company has outstanding accounts receivable totaling 2.5 million as of December 31 and sales on credit during the year of 24 million. There is also a credit balance of 12,000 in the allowance for doubtful accounts. After aging its receivables, the company estimates that 8% of its total outstanding receivables will be uncollectible. What will be the amount of bad debt expense recognized for the year?
A) 12,000
B) 200,000
C) 212,000
D) 188,000
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
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pooja14pooja14
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skiddd Author
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5 years ago
Such a godsend, you helped me and my friend big time
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