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questionsgalor
Apr 19, 2007, 01:10 PM
What effect does lowering the estimate for doubtful accounts have on an income statement and balance sheet?
tickle
Apr 19, 2007, 02:06 PM
It probably means a huge debit. If you have too many doubtful accounts that are hard to collect then you have a situation that borders on bankruptcy. I dont have any expertise in this field but it is evident to me.