Question: for bad debts, what effect will this write - off have on the company's net income and total assets? Multiple Choice Decrease in net income;

for bad debts, what effect will this write-off have on the company's net income and total assets?
Multiple Choice
Decrease in net income; no effect on total assets.
No effect on net income; no effect on total assets.
Decrease in net income; decrease in total assets.
Increase in net income; no effect on total assets.
No effect on net income; decrease in total assets.
for bad debts, what effect will this write - off

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