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At what point are companies required to recognize Bad Debt Expense for tax reporting purposes?...

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Accounting

At what point are companies required to recognize Bad Debt Expense for tax reporting purposes?

1) One hour befor an IRS audit

2) As a period-end adjusting entry

3) After an account is more than 90 days past due

4) At the point the account is written-off

5) At the same time each individual sale is recorded

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