Splashy Fish Store allows qualified customers to purchase items on credit During the current year, Lisa, the owner of the store, determines that $3,500 of accounts receivable are not collectible. Which of the following statements is true with respect to Splashy Fish Store's deduction for the uncollectible accounts receivable?

 

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Oa. Any deduction for the uncollectible accounts receivable will be treated as a short-term capital los Ob. Splashy is not allowed a deduction for the uncollectible accounts the income arhing from the accounts has not been preveule incuted intaaeme OC. Only $3,000 of the uncollectible accounts receivatle may be deducted in the current year. Od. All of these statements are true. Oe. Two of these statements are true. Oa. Any deduction for the uncollectible accounts receivable will be treated as a short-term capital los Ob. Splashy is not allowed a deduction for the uncollectible accounts the income arhing from the accounts has not been preveule incuted intaaeme OC. Only $3,000 of the uncollectible accounts receivatle may be deducted in the current year. Od. All of these statements are true. Oe. Two of these statements are true.