Clark Garrison, Inc. uses an allowance for doubtful accounts. When they recover a previously written off account receivable, total assets will
A. increase
B. decrease
C. remain the same
D. depends on the amount of the receivable
Answer:C
Clark Garrison, Inc. uses an allowance for doubtful accounts. When they recover a previously written off account receivable, total assets will
A. increase B. decrease C. remain the same D. depends on the amount of the receivable