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19. Which of the following statements are true? a. Collections of accounts previously claimed as a bad debt are not required to be reported unless
19. Which of the following statements are true? a. Collections of accounts previously claimed as a bad debt are not required to be reported unless the amount collected exceeds 10% of the original sale. b. The value of a repossessed article is not a factor in computing an allowable bad debt deduction. c. A retailer is relieved from sales tax and also relieved from the liability to collect the use tax on worthless accounts. d. Collections on bad debts written off and claimed as a bad debt deduction over three years ago are not required to be reported due to the statute of limitations
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