Business, 18.02.2020 00:02 ninilizovtskt

On October 29 of the current year, a company concluded that a customer's $4,400 account receivable was uncollectible and that the account should be written off. What effect will this write-off have on this company's net income and total assets assuming the allowance method is used to account for bad debts?
No effect on net income; no effect on total assets. T/F

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On October 29 of the current year, a company concluded that a customer's $4,400 account receivable w...

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