XYZ Corp. uses the allowance method (Income Statement approach) for bad debts. During 2018 XYZ charged $25.2
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Question:
XYZ Corp. uses the allowance method (Income Statement approach) for bad debts. During 2018 XYZ charged $25.2 to bad debt expense, and wrote off $30 of uncollectible accounts receivable. These transactions resulted in a decrease in working capital of
A. $0
B. $25.2
C. $30
D. $4.8
E. none of the above.
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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