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At 31 December 20X2 a company's receivables totalled $400,000 and an allowance for receivables of $50,000 had been brought forward from the year ended 31 December 20X1. It was decided to write off debts totalling $38,000 and to adjust the allowance for receivables to 10% of the receivables.
What charge for receivables expense should appear in the company's statement of comprehensive income for the year ended 31 December 20X2? $________ |