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10. Exeter Company uses the allowance method to account for uncollectible accounts. The company wrote...

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Accounting

10. Exeter Company uses the allowance method to account for uncollectible accounts. The company wrote off an uncollectible account receivable. Which of the following reflects how the write-off affects Exeters financial statements?
Assets = Liab. + Equity Rev. Exp. = Net Inc. Cash Flow
a.+ NA NA NA NA NA NA
b.+ NA NA NA + NA
c. NA N NA + OA
d.++ NA NA NA NA OA

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