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When a specific customer's account is written off by a company using the allowance method, the effect on net income and the net realizable value of the accounts receivable is

  • Net Realizable Value
  • Net Income of Accounts Receivable

A) None None

B) Decrease Decrease

C) Increase Increase

D) Decrease None Please describe why the answers are not correct and why the chosen one is correct.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M948555

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