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what affects operating income for the year? select all that apply. Which of the following daily transactions or adjusting journal entries for ABC Inc. will
what affects operating income for the year? select all that apply. Which of the following daily transactions or adjusting journal entries for ABC Inc. will affect operating income for the year? (Select every correct answer in the list below. ABC uses an accruals-basis accounting system based on US GAAP.) ABC prepays rent for next year to its landlord ABC accrues interest payable on a note payable to its bank ABC creates an allowance for doubtful accounts using an aged receivables report ABC writes-off the amount owed by its customer, XYZ, because XYZ went bankrupt ABC recognizes a gain when it sells land it held as an investment ABC writes down its manufacturing equipment due to an impairment loss
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