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What effect will the recovery of bad debt previously have

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Reference no: EM132502459

Question 1: Dunder Mifflin unexpectedly collected an account that had been written off. What effect will the recovery of bad debt previously have on the company's net income and total assets?

Option a. Decrease in net income; decrease in total assets

Option b. Increase in net income; no effect on total assets

Option c. No effect on net income; no effect on total assets

Option d. No effect on net income; decrease in total assets

Reference no: EM132502459

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