If a bad debt is unexpectedly paid some years after it was written off, what would be

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If a bad debt is unexpectedly paid some years after it was written off, what would be the effect in the financial summaries for that year?

a. Increase profit and decrease receivables balances

b. Increase profit and increase the bank account

c. Increase the receivables balances shown under current assets

d. No effect

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Introduction To Accounting And Finance

ISBN: 9780273711629

2nd Edition

Authors: Geoff Black

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Question Posted: May 31, 2024 03:09 AM

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If a bad debt is unexpectedly paid some years after it was written off, what would be

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Introduction To Accounting And Finance

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