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Business, 08.02.2021 17:00 MartinTDL

Inge Co. determined that the net value of its accounts receivable at December 31, based on an aging of the receivables, was $325,000. Additional information is as follows:Allowance for credit losses at 1/1$ 30,000Uncollectible accounts recovered during the year 18,000 Collection of accounts previously written offthat were not expected to be recovered 2,000 Gross amount of accounts receivable at 12/31350,000For the year, what would be Inge’s credit loss expense?

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Inge Co. determined that the net value of its accounts receivable at December 31, based on an aging...
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