A firm is legally owed $100 by its customers for services already performed. The firms management now estimates that of the $100 in trade receivables, $9 will not be collected. The firms accounts receivable will be reported as follows on the firms balance sheet:

Select one:

a. Within current assets: $91 trade receivables, net of allowance of $9

b. All of the listed answers

c. Within current assets: $100 trade receivables; and within current liabilities: $9 allowance for bad debt

d. Within current assets: $91 customer receivables, net of allowance of $9; and within current liabilities: $9 provision for bad debt

e. Within current assets: $109 customer receivables, net of estimate for uncollectibles of $9