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Help Seve & Exh Submit What is the effect of bad debts on revenue recognition? Multiple Choice . The seller must believe it is probable

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Help Seve & Exh Submit What is the effect of bad debts on revenue recognition? Multiple Choice . The seller must believe it is probable it will collect the amounts it is entitled to collect Bad debts are ignored when determining whether to recognize revenue, but recognized as an expense on the income statement. Bad debts must be of a remote likelihood in order to recognize revenue

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