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the estimate of uncollectible accounts is based on all of the following except a.industry averages. b.forecasts of the future. c.past experience. d.monthly cash expenses.

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the estimate of uncollectible accounts is based on all of the following except d.monthly cash expenses.

Receivables, loans, or any debt a debtor won't pay are uncollectible accounts. Accounts become uncollectible due to bankruptcy or the debtor's refusal to pay. Generally, anything offered on credit must be paid for within 30 to 90 days.

The journal entry to write off an account when a particular customer's balance is uncollectible is A reduction in the amount owed (to remove the amount that will not be collected) and A reduction in the reserve for speculative accounts.

The term "Cash Expense" refers to the whole of the borrower's interest and operating costs less any non-cash expenses (depreciation, amortization, equity compensation, and special charges).

Learn more about uncollectible accounts here:

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