In general, if a company makes an incorrect estimate of bad debt expense one year, this incorrect estimate will not affect any future years' income.

Name: In general, if a company makes an incorrect estimate of bad debt expense one year, this incorrect estimate will not affect any future years' income.
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Question

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An incorrect estimate of bad debt expense in one year will affect future years' income as the adjustment made to correct the estimate will impact the company's financial statements in the future.

In General, If a Company Makes an Incorrect Estimate of Bad