Expectations of uncollectible accounts receivable

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Reference no: EM131293618

Cocoa Beach Surf Shop 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

e. None of the above

Reference no: EM131293618

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