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KAISEN Co. prepared an aging of its accounts receivable at December 31, 2020 and determined that the net realizable value of the receivables was 29,000,000. Additional information is available as follows:
Allowance for uncollectible accounts at 1/1/20-credit balance 3,000,000
Accounts written off as uncollectible during 2020 250,000
Accounts receivable at 12/31/20 32,500,000
Uncollectible accounts recovered during 2020 500,000
Problem 1: For the year ended December 31, 2020, KAISEN's doubtful accounts expense would be
Group of answer choices
a. 300,000
b. 750,000
c. 500,000
d. 250,000
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