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Petal, Inc

Question 21

Multiple Choice

Petal, Inc. is an accrual basis taxpayer. Petal uses the aging approach to calculate the reserve for bad debts. During 2018, the following occur associated with bad debts. Petal, Inc. is an accrual basis taxpayer. Petal uses the aging approach to calculate the reserve for bad debts. During 2018, the following occur associated with bad debts. The amount of the deduction for bad debt expense for Petal for 2018 is: A) $10,000. B) $12,000. C) $22,000. D) $140,000. E) None of the above.
The amount of the deduction for bad debt expense for Petal for 2018 is:


A) $10,000.
B) $12,000.
C) $22,000.
D) $140,000.
E) None of the above.

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