Aspen Corporation
Data for Aspen Corporation for the year ended December 31, 2012, are presented below.
-Refer to data provided for Aspen Corporation. If Aspen estimates its bad debts at 8% of accounts receivable, what amount will be reported as bad debt expense for 2012?
A) $75,000
B) $25,000
C) $ 8,600
D) $33,600
Correct Answer:
Verified
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