Tamarisk Company has recorded bad debt expense in the past at a rate of 1.5%...
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Accounting
Tamarisk Company has recorded bad debt expense in the past at a rate of of accounts receivable, based on an aging analysis. In Tamarisk decides to increase its estimate to If the new rate had been used in prior years, cumulative bad debt expense would have been $ instead of $ In bad debt expense will be $ instead of $ If Tamarisk's tax rate is what amount should it report as the cumulative effect of changing the estimated bad debt rate?
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