_Which of the following is the effect on net income if a business decreases its provision for bad debts?$?

It will increase gross profit and net income

_Which of the following is the effect on net income if a business decr

1.	_Which of the following is the effect on net income if a business decreases its provision for bad debts?$?
A.	It will increase net income
B.	It will decrease net income
C.	No effect
D.	It will increase gross profit and net income
Answer» B. It will decrease net income