Under the allowance method, the entry to record the estimated bad debts expense a. Has no effect
Question:
Under the allowance method, the entry to record the estimated bad debts expense
a. Has no effect on net income.
b. Increases net income.
c. Has no effect on total assets.
d. Reduces total assets.
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The correct answer is d Reduces total assets The allowance method is a method used to account for ba...View the full answer
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