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Traylor Corporation reports net income for the year of $565,000. An uncollectible account of $125 is written off (using the Allowance Method.) Which of these

Traylor Corporation reports net income for the year of $565,000. An uncollectible account of $125 is written off (using the Allowance Method.) Which of these is/are true?

Question 4 options:

Net income will decrease by $125.

Net income will not change.

Net accounts receivable will decrease.

Both A and C are true.

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