Question: Hi, please answer the following question and show your work. Thank you and hope you have a good weekend. Question 12 2.3 pts Gabby Inc.

Hi, please answer the following question and show your work. Thank you and hope you have a good weekend.

Hi, please answer the following question and show
Question 12 2.3 pts Gabby Inc. prepares its financial statements on an accrual method of accounting. During the tax year, Gabby Inc recorded bad debt expense of $ 50,000. The only other activity in the allowance for doubtful accounts was a debit for 35,000 due to an uncollectible account. How much will Gabby Inc deduct for bad debt expense if, for tax purposes, they are: A: using the accrual method, or B: using the cash method? $ 50,000 accrual; $ 0 cash $ 50,000 accrual; $ 35,000 cash $ 0 accrual; $ 0 cash $ 35,000 accrual; $ 0 cash $ 35,000 accrual; $ 35,000 cash

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