44. The account "Purchases Retums and Allowances" would show up on the financial satements as a. A contra-revenue account on the income statement b. An owner's equity account on the balance sheet. e A contra account in the cost of goods sold section on the income statement d. An expense account included in the "other expenses" section of the incom statement . None of the above. Following is selected information (in millions) for Sue Company, AFTER year end adjusting entries Net Sales Bad Deb Expense 2008 2007 50,000 $40,000 1,400 1,200 ds of December 3 Gross Accounts Receivable Allowance for Doubtful Accounts 8,000 $9,000 200 300 45. Sue Company financial statement infomation shows th a. Accounts of $1,400 million were written oft as uncollectible in 2008 b. Total sales on account for 2008 amounted to $$,000 million c. Net realizable value of receivables on December 31, 2008 is $7,700 million d. Total receivables on December 31, 2008 are $8,300 million e. None of the above. 46. On the basis of the information provided for Sue Company A The relationship between gross Accounts Receivable and Net Sales is worse in 2008 compared to 2007 b. The relationship between gross Accounts Receivable and Net Sales is the same in 200S compared to 2007 c. The relationship between gruss Accounts Receivable and Net Sales is better in 2008 compared to 2007 d. The relcionship between gross Accounts Receivable and Net Sales cannot be determined from the data peovided 47 On the basis of the information provided for Sue Company, the Accounts Receivabile writen off in 2008 were a. $20o b. $1,600 $1,400 d. $1,300 c. None of the above