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    Financial Accounting Tools Study Set 4
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    Exam 8: Reporting and Analyzing Receivables
  5. Question
    Bad Debt Expense Is Reported on the Income Statement as
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Bad Debt Expense Is Reported on the Income Statement as

Question 183

Question 183

Multiple Choice

Bad Debt Expense is reported on the income statement as


A) part of cost of goods sold.
B) an expense subtracted from net sales to determine gross profit.
C) an operating expense.
D) a contra revenue account.

Correct Answer:

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