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Accounting

1. What effect does lowering the estimate for doubtful accounts have on the income statement and balance sheet?

2. Do you believe Steinman's recommendation to adjust the allowance for doubtful accounts is within her right as manager, or do you believe this action is an ethics violation? Justify your response.

3. What type of internal control(s) might be useful for this company in overseeing the manager's recommendations for accounting changes?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9979487

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