When a firm writes off a bad debt under the allowance method of accounting for bad debts
A. the realizable value of accounts receivable decreases
B. total net current assets will decrease
C. the cash account will decrease
D. the realizable value of accounts receivable will not change
Answer:D
When a firm writes off a bad debt under the allowance method of accounting for bad debts
A. the realizable value of accounts receivable decreases B. total net current assets will decrease C. the cash account will decrease D. the realizable value of accounts receivable will not change