Question: Copper Corporation billed its customer $ 2 4 , 0 0 0 but was only paid $ 1 2 , 0 0 0 . After

Copper Corporation billed its customer $24,000 but was only paid $12,000. After deeming the remainder to be worthless, it was written off as a business bad debt. During the current year, Copper
corporation unexpectedly collected $5,000 on the debt. Copper Corporation should account for the $5,000 collection as:
a. $4,000 income.
b. $5,000 income.
c. $0 income.
d. $8,000 income.
e. $3,000 income.
Copper Corporation billed its customer $24,000 but was only paid $12,000.

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