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Select all that apply How does the year - end adjustment for bad debts normally affect the financial statements? More than one answer may be
Select all that apply
How does the yearend adjustment for bad debts normally affect the financial statements? More than one answer may be correct.
An increase to a contra asset account
A decrease to the Accounts Payable account
An increase to net income
A decrease to total assets
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Principles of Accounting
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
12th edition
978-1133603054, 113362698X, 9781285607047, 113360305X, 978-1133626985
