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What is todds 481 adjustment for this year

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Todd operates a business using the cash basis of accounting. At the end of last year, Todd was granted permission to switch his sales on account to the accrual method. Last year Todd made $428,000 of sales on account and $67,200 was uncollected at the end of the year. What is Todd's $481 adjustment for this year?

Reference no: EM132365329

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