Friday 2 August 2013

Bad Debts Expense is reported on the income statement as A. part of cost of goods sold. B. Reducing gross profit. C. an operating expense. D. a contra-revenue account.

Bad Debts Expense is reported on the income statement as
A.            part of cost of goods sold.
B.            Reducing gross profit.
C.            an operating expense.
D.            a contra-revenue account.


Answer
an operating expense.

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