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QUESTION
Deacon Co. reported annual net sales for 2010 and 2011 of $565,000 and $647,000, respectively. Its year-end balances of accounts receivable follow:
Deacon Co. reported annual net sales for 2010 and 2011 of $565,000 and $647,000, respectively. Its year-end balances of accounts receivable follow: December 31, 2010, $51,000; and December 31, 2011, $83,000.
