Question

At what point are companies required to recognise Bad Debt Expense for tax reporting purposes?
A. After an account is more than 90 days past due
B. At the same time each individual sale is recorded
C. One hour before an IRS audit
D. As a period-end adjusting entry
E. At the point the account is written off
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Answer 1

D) as a period-end adjusting entry

Answer 2

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