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Which does not occur on the company financial statements

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Reference no: EM132666262

Problem 1: Apple Inc. receives information that requires the company to increase its expectations of uncollectible accounts receivable. Which of the following does not occur on the company's financial statements?

a. Bad debt expense is increased
b. Accounts receivables (gross) is reduced
c. Net income is reduced
d. The allowance account is increased

Reference no: EM132666262

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