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

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Matthew 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

ISBN: 978-1119048503

7th Canadian Edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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Question Posted: May 16, 2017 10:31 AM

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Matthew 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

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