1. What three types of objectives are the focus of internal control? 2. What is the effect of the write-off of uncollectible accounts on (i) net income and (b) net accounts receivable? 3. Distinguish between depreciation and amortization. 4. What are the reasons that a company gives trade discounts? Why are trade discounts not recorded in the accounts like cash discounts? 5. What is the normal procedure for handling the collection of accounts receivable previously written off using the direct write-off method? The allowance method