Answer:
$18,400
Explanation:
A/R $20,100
Less: Allowance for doubtful accounts ($1,700)
net realizable value of A/R $18,400
The write off amount is already included in allowance for doubtful accounts on provision basis therefore it can't be separately deducted again.
Pay , work hope this helped you have a good day
Answer:
TRUE
Interest income received by a cash basis taxpayer is generally reported in the tax year it is received.
I would say D. because that is what they want