During 2021, Brown, Inc, based on historical norms, predicted they would have $200,000 in bad debts....

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During 2021, Brown, Inc, based on historical norms, predicted they would have $200,000 in bad debts. They were pleased when actual bad debts for the year only totaled $120,000. What is the proper amount of the deduction for bad debt expense? Group of answer choices $120,000 whether Willow uses cash or accrual method. $120,000 if uses cash method; $200,000 if uses accrual method. $120,000 if uses cash method; $80,000 if uses accrual method. $80,000 if uses cash method; $200,00 if uses accrual method. None are correct. During 2021, Brown, Inc, based on historical norms, predicted they would have $200,000 in bad debts. They were pleased when actual bad debts for the year only totaled $120,000. What is the proper amount of the deduction for bad debt expense? Group of answer choices $120,000 whether Willow uses cash or accrual method. $120,000 if uses cash method; $200,000 if uses accrual method. $120,000 if uses cash method; $80,000 if uses accrual method. $80,000 if uses cash method; $200,00 if uses accrual method. None are correct.

Answer rating: 100% (QA)

120000 if uses cash method 200000 if uses accr... View the full answer