4. Which of the following is a method to generate cash from accounts receivable? Assignment Yes No Yes No Factoring No Yes C. d. Yes No 5. Which of the following is not considered cash for financial reporting purposes? Postdated checks and i.O.U's Money orders, certified checks, and personal checks c. Coin, currency, and available funds d. Petty cash funds and change funds 6. Which of the following is considered cash? a. Certificates of deposit (CDs) b. Postdated checks c. Money market savings certificates dMoney market checking accounts 7. The following accounts were abstracted from Todd Co's unadjusted trial balance at December 31, 2007: 7 $800,00rsdit Debit Accounts receivable Allowance for uncollectible accounts 8,000 Todd estimates that 4% of the gross accounts receivable will become uncollectible. After adjustment at December 31, 2007, the allowance for uncollectible accounts should have a credit balance of a. $42,000. b. $24,500. c. $40,000. d. $32,000. E. None of the above 8. The balance sheet is useful for analyzing all of the following except a. liquidity b. solvency. c. profitability. d. financial flexibility