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Rexton Industries began operations in 2015. Using the Accounts Receivable analysis method, Rexton Industries recognizes...

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Rexton Industries began operations in 2015. Using the Accounts Receivable analysis method, Rexton Industries recognizes bad debt expense only at the end of each fiscal year on December 31st. Which of the following would NOT be a potential cause for Rexton having a debit balance in the Allowance for Uncollectible Accounts on December 15, 2020? Multiple Choice The COVID-19 pandemic resulted in a significant number of Rexton's customers having severe liquidity challenges. Rexton intentionally underestimated its uncollectability at December 31, 2019. O Rexton's accountant made a recording error. Rexton increased its credit sales during the year by 60%. New legislation passed on March 1, 2020 made the declaration of bankruptcy more difficult than it had previously been

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