I need help with the following question please help…
1. D Trucking uses the accrual
method of accounting. Below is a reconciliation of D Trucking’s allowance for bad debts for the current year.
Beginning allowance for bad debts
Actual write-offs of accounts receivable during the year
Addition to allowance
Ending allowance for bad debts
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Considering the difference between the GAAP and the tax rules for accounting for bad debts, calculate D Trucking’s temporary excess of taxable income over book income.