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When a company that uses the allowance method writes off an actual bad debt: A. total assets decrease. B. total liabilities increase. C. total expenses
When a company that uses the allowance method writes off an actual bad debt:
A. total assets decrease. | ||
B. total liabilities increase. | ||
C. total expenses increase and total revenues increase. | ||
D. total assets, revenue, and expenses remain the same.
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