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LO 8.1: Describe the trade-offs of extending credit
LO 8.2: Estimate and report the effects of uncollectible accounts
LO 8.3: Compute and report interest on notes receivable
LO 8.4: Compute and interpret the receivables turnover ratio
LO 8.S1: Record bad debts using the direct write-off method (used for tax purposes only)
