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Hood Furniture has identified a small group of office furniture dealer whose operations have deteriorated to the point that their ability to repay the company is doubtful. The company has decided to make additional shipments to these dealers on a COD basis. It is expected that a large allowances for doubtful debts may be necessary to reduce these accounts to estimated reliasable values.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M971302

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