Multiple Choice
The following information is available for Murphy Company: 
As a result of a review and aging of accounts receivable in early January 2015, it has been determined that an allowance for doubtful accounts of $11,000 is needed at December 31, 2014. What amount should Murphy record as "bad debt expense" for the year ended December 31, 2014?
A) $9,000
B) $11,000
C) $13,000
D) $27,000
Correct Answer:
Verified
Correct Answer:
Verified
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