Q188
Which of the following is the effect on net income if a business decreases its provision for bad debts?
A.
It will increase net income
AnswerB.
It will decrease net income
C.
No effect
D.
It will increase gross profit and net income
Answer: Option A
Solution
Answer: Option A
Solution:
Net income will increase is the effect on net income if a business decreases its provision for bad debts.