Latisha owns a warehouse with an adjusted basis of $200,000. She exchanges it for a strip mall building worth $225,000. Which of the following statements is correct

a. If the warehouse was used in Latisha's business to store inventory
b. If the warehouse was used in Latisha's business to store inventory
c. If the wareh p mall building is $225,000. in Latisha's business to store inventory and the strip mall building is to be used asa asis for the strip mall building is $200,000. s furniture a bunlding is to be rented to tenants, her recognized gain is $25,000 and her basis for the strip mall building is $225,000.
d. Only b. and c. are correct.
e. a., b., and c. are correct.

Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume johnson makes no other adjustment of bad debt expense during 2018. determine the amount of accounts receivable written off during 2018.3. if the company uses the direct write-off method, what would bad debt expense be for 2018?