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What is decrease to be recorded in the income statement

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Current provision for doubtful debts is $45900.

Trade receivables is $874100.

Bad debts is $17000.

A customer went bankrupt and $125000 is now considered as irrecoverable.

Question 1: If provision for doubtful debts is maintained at 5%, what is the increase/decrease to be recorded in the income statement?

 

Reference no: EM132505490

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