Problem 7-3(Algo) Bad debts; Minta Corporation [LO7-5] Minta Corporation, is a leading manufacturer...

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Accounting

Problem 7-3(Algo) Bad debts; Minta Corporation [LO7-5]
Minta Corporation, is a leading manufacturer of sports apparel, shoes, and equipment. The company's 2020 financial statements contain the following information ($ in millions):
\table[[Balance sheets:,2020,2019],[Accounts receivable, net,$3,519,$5,042
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