Which of the Following Statements Is False

question 96

Multiple Choice

Which of the following statements is false?

• A)The journal entry to record bad debt expense decreases current assets.
• B)The journal entry to record bad debt expense decreases retained earnings.
• C)The journal entry to write off an uncollectible account receivable decreases operating income.
• D)The journal entry to write off an uncollectible account receivable does not affect current assets.

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