[单选题]
Anchor Co. is experiencing financial difficulties. Anchor negotiated a settlement of USD100,000 in debt owed to Bowden Inc. in exchange for Anchor’s gross receivables of USD100,000. The receivables have an allowance for uncollectible accounts of USD25,000. The impact of this transaction on Anchor’s net income is a USD25,000:
A .Gain on restructuring of payables.
B .Increase in bad debt expense.
C .Decrease in bad debt expense.
D .Loss on restructuring of payables.
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