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