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Unger Coporation, a distributor of photographic supplies, uses an allowance method (i.e., aging method) to...

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Accounting

Unger Coporation, a distributor of photographic supplies, uses an allowance method (i.e., aging method) to calculate bad debt expense for purposes of its GAAP-basis financial statements. For income tax purposes, Unger will also use the allowance method to calculate its bad debt deduction.

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