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True or false: Under the specific charge-off method, a deduction for a bad debt is taken when the debt is determined to be worthless.

True or false: Under the specific charge-off method, a deduction for a bad debt is taken when the debt is determined to be worthless.
asked 133k views
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True or false: Under the specific charge-off method, a deduction for a bad debt is taken when the debt is determined to be worthless.

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User Brian Yarger
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it is true that under the specific charge-off method, a deduction for a bad debt is taken when the debt is determined to be worthless.
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User Lucas L Roselli
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