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Which of the following statements is true? a) A write-off of an account receivable will reduce net income. b) A recovery of a previously written-off
Which of the following statements is true?
a) A write-off of an account receivable will reduce net income.
b) A recovery of a previously written-off account receivable will increase net income.
c) Net realizable value of accounts receivable means A/R minus bad debt expense.
d) A write-off of an account receivable has no effect on net income.
Which of the following statements is true?
a) A write-off of an account receivable will reduce net income.
b) A recovery of a previously written-off account receivable will increase net income.
c) Net realizable value of accounts receivable means A/R minus bad debt expense.
d) A write-off of an account receivable has no effect on net income.
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