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Clarify the point for jerry gatewood

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Reference no: EM132742235

Problem 1: Jerry Gatewood cannot understand why balance sheet value (net value) of accounts receivables does not decrease when an uncollectible account is written off under the allowance method. Clarify this point for Jerry Gatewood.

Problem 2: Distinguish between the two bases that may be used in estimating uncollectible accounts.

Reference no: EM132742235

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