Question: When a company uses the allowance method to charge - off a specific past due account, the impact to the financial statements includes: Multiple choice

When a company uses the allowance method to charge-off a specific past due account, the impact to the financial statements includes:
Multiple choice question.
increase to asset and expenses
decrease to assets and expenses
no impact to assets or liabilities
decrease to assets and increase to expenses
increase to assets and decrease to expenses

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