Question: When a customer account is written off and subsequently collected in full: A. The bad debt expense for the period of collection is reduced. B.
When a customer account is written off and subsequently collected in full:
| A. The bad debt expense for the period of collection is reduced. | ||
| B. The allowance for doubtful accounts is reduced. | ||
| C. The net realizable value of accounts receivable increases. | ||
| D. There is no effect on the income statement. |
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