Rise Ltd had the following balances related to bad debts for the year ended 30...
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Accounting
Rise Ltd had the following balances related to bad debts for the year ended 30 June 2021: Allowance for Doubtful Debts $30,000 (30 June 2020: $26,000), and bad debts expense $15,000. The company income tax rate is 30%.
The amount that Rise Ltd can claim as a tax deduction for bad debts for 30 June 2021 is:
Select one:
a.
$11,000
b.
$15,000
c.
$3,300
d.
$30,000
Clear my choice
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