Question: It is possible for the following to occur when estimating future bad debt expense: (check all that apply) Overestimate future bad debts Underestimate future bad

It is possible for the following to occur when estimating future bad debt expense: (check all that apply) Overestimate future bad debts Underestimate future bad debts Creating a new liability account Increasing a contra asset account Decreasing net income and stockholders' equity

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