When the estimate based on the sales approach to estimating uncollectibles is used: (Points : 1) any existing balance in the allowance for doubtful accounts is not taken into consideration.
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any existing balance in the allowance for doubtful accounts must be taken into consideration. only a credit balance in the allowance for doubtful accounts must be taken into consideration. only a debit balance in the allowance for doubtful accounts must be taken into consideration.
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