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/hich of the following statements is true regarding the financial statement effects of recording bad debt expense for the year? Multiple Choice Total assets on
/hich of the following statements is true regarding the financial statement effects of recording bad debt expense for the year? Multiple Choice Total assets on the balance sheet decreases because net accounts receivables decreases. Net income on the income statement stays the same. Total assets on the balance sheet stays the same. Total assets on the balance sheet decreases because cash decreases. Retained earnings on the balance sheet remains the same
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