When a Customer's Balance Is Known to Be Uncollectible and a Write

question 120

Multiple Choice

When a customer's balance is known to be uncollectible and a write off has occurred

• A)The net effect on the income statement is zero.
• B)Accounts receivable decrease and there is no impact on revenues.
• C)Contra-Asset accounts decrease and there is no impact on expenses.
• D)All of the choices are correct.

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