Dimitri doesn't understand why the bad debt expense reported in the income statement is usually not equal

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Dimitri doesn't understand why the bad debt expense reported in the income statement is usually not equal to the allowance for doubtful accounts reported in the balance sheet. Explain why this happens.

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Accounting Principles Part 2

ISBN: 978-1118306796

6th Canadian edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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Question Posted: Mar 30, 2017 12:07 PM

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Dimitri doesn't understand why the bad debt expense reported in the income statement is usually not equal

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The bad debts expense account is a temporary account that refle...View the full answer

Accounting Principles Part 2

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