Thomas Company receives information that requires the company to increase its expectations of uncollectible accounts...
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Accounting
Thomas Company receives information that requires the company to increase its expectations of uncollectible accounts receivable. Which of the following does not occur on the companys 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
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