1. Revenues from discontinued operations of a company are reported separately from revenues from continuing operations in the income statement. True or False 2. The percentage-of-completion method is an application of the matching principle. True or False 3. The net accounts receivable reported in the current asset section of a company's balance sheet represents all receivables expected to be collected within the next year. True or False 4. The balance in Allowance for Uncollectible Accounts represents the amount a company thinks it will not collect from a customer. True or False 7 5. Which of the below cases is not an example of potentially misleading reporting? A Channel stuffing B Overly optimistic estimates g Recognizing revenue after goods are delivered Mischaracterizing transactions as arm's length