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During 2017, Danish Corp., which uses the allowance method of accounting for doubtful accounts, recorded bad debts expense of dollar 10,000. As well, the
During 2017, Danish Corp., which uses the allowance method of accounting for doubtful accounts, recorded bad debts expense of dollar 10,000. As well, the corporation wrote off uncollectible accounts receivable of dollar 4,000. As a result of these transactions, their cash flows from operating activities would be calculated (indirect method) by adjusting net income with a OA) dollar 4,000 increase B) dollar 10,000 increase. OC) dollar 6,000 increase D) dollar 6,000 decrease.
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