What Type of Account Is a Bad Debts Expense

question 93

Multiple Choice

What type of account is a Bad Debts Expense?

• A) Asset
• B) Expense
• C) Contra Asset
• D) Liability

Able to calculate the net present value of a project including salvage value.

Grasp the importance of the time value of money in the context of capital budgeting.

Know how to compute the present value of an annuity and the present value of a single sum.

Evaluate different investment projects using net present value criteria.