18 TB MC Qu. 07.45 (Static) Hoff Company uses the allowance... points Hoff Company uses the allowance method. An account that had been previously written-off as uncollectible w the elements of the financial statements when the two parts are considered together? eBook Multiple Choice Print Increase total assets and stockholders' equity References Increase total assets and decrease total liabilities Decrease totallibilities and increase stockholders' equity Hos no effect on total assets, total liabilities or stockholders equity ance... previously written-off as uncollectible was recovered. How do the two parts of the recovery freinstate receivable and collect the receivable) affect hered together? ny ders equity