1. A company uses the allowance method to recognize uncollectible accounts expense. What is the effect at the time of the collection of an account previously written off on each of the following accounts? O Allowance for uncollectible accounts : No effect , Uncollectible accounts expense : Decrease O Allowance for uncollectible accounts : Increase , Uncollectible accounts expense : Decrease O Allowance for uncollectible accounts : Increase , Uncollectible accounts expense : No effect O Allowance for uncollectible accounts : No effect , Uncollectible accounts expense : No effect 2. Indicate whether each of the following statements is True or False. When a company borrows funds to finance a construction project and temporarily invests this cash, the interest income should not be offset against the interest expense to be capitalized. O TRUE O FALSEWhich of the following is a method to generate cash from accounts receivables? O Assignment : Yes , Factoring :No O Assignment : Yes , Factoring : Yes O Assignment :No , Factoring : Yes O Assignment :No , Factoring :No represent various contingencies of Cyber at December 31, 20X1, and events subsequent to December 31, 20X1, but prior to the issuance of the 20X1 financial statements. For each item, select from the following list of the reporting requirement. Reporting requirement A. Accrual only B. Both accrual and disclosure D. Disclosure only N. Neither accrual nor disclosure On January 4, 20X2, Cyber redeemed its outstanding bonds and issued new bonds with a lower rate of interest. The reacquisition price was in excess of the carrying amount of the bonds. O A O O D O N