Ask Question
25 August, 06:58

Accounts receivable had a debit balance of $10,000 at the beginning of the period, and a debit balance of $6,000 at the end of the period.

Based on this information, the adjustment to net income for the period will be reported as:

A) an increase of $2,000 which will be subtracted from net income

B) a decrease of $2,000 which will be subtracted from net income

C) an increase of $2,000 which will be added to net income

D) a decrease of $2,000 which will be added to net income

+3
Answers (1)
  1. 25 August, 10:49
    0
    D. a decrease of 2,000 which will be added to net income
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Accounts receivable had a debit balance of $10,000 at the beginning of the period, and a debit balance of $6,000 at the end of the period. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers