A decrease in the provision for doubtful debts would result in:
A. An increase in liabilities.
B. A decrease in working capital.
C. A decrease in net profit.
D. An increase in net profit.
Answer:D
A decrease in the provision for doubtful debts would result in:
A. An increase in liabilities. B. A decrease in working capital. C. A decrease in net profit. D. An increase in net profit.