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Blender Bottle reported pretax book income of 750,000 in 2020 included in book income was a deduction for an allowance of bad debts equal to
Blender Bottle reported pretax book income of 750,000 in 2020 included in book income was a deduction for an allowance of bad debts equal to 25,000. The corporations actually write off 35500 of recieveables for the year what si the corporations adjustments to bad debt expense to determine its taxable income
a10,500 net increase in bad debt expense increases the tax decttion
b10500 net decrease in bad debt expense (decrease tax deduction)
c35500 Net decrease in bad debt expense (decrease tax deduction)
Multiple choice pick a b c thanks
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