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Problem 1: Determining Financial Statement Effects of Bad Debts. Indicate the accounts affected and enter decreases to account categories with a minus sign.
a. At the end of the period, bad debt expense is estimated to be $15,000.
b. During the period, bad debts are written off in the amount of $9,500.
Financial Statement Analysis and Preparation
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T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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