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49. A financial statement showing total current assets and total current liabilities is known as A. Congenital balance sheet B. Complex balance sheet C. Classified

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49. A financial statement showing total current assets and total current liabilities is known as A. Congenital balance sheet B. Complex balance sheet C. Classified balance sheet D. Comprehensive balance sheet E. Comparative balance sheet 50. Which of the following is not an accurate description of the Allowance for Uncollectible Accounts? A. an estimate of the amount of accounts receivable that will not be collected B. an income statement account C. a contra account D. a balance sheet account E. None of the above

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