Question

During fiscal year 2012, Byrd Inc. wrote-off $8,000 of customer accounts as uncollectible. Which of the following items would be decreased by these write-offs? (check all that apply)

Answer 1

Answer:

During fiscal year 2012, Byrd Inc. wrote-off $8,000 of customer accounts as uncollectible.

Which of the following items would be decreased by these write-offs? (indicate all that apply)

a. Accounts Receivable

b. Allowance for Doubtful Accounts

c. Net Income

d. Bad Debt Expense

e. Cash flow from Operations