What effect will this action have on net income


On June 30, 2012, Carmack Company concludes that a customer's $3,750 receivable(created in 2011) is uncollectible and that the account should be written off. What effect will this action have on Carmack's 2012 net income? Explain.

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Accounting Basics: What effect will this action have on net income
Reference No:- TGS050988

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