Bad Debt Expense represents the amount of ________.

A. gross receivables that are expected to be uncollectible.

B. Current Period sales that are expected to be uncollectible.

C. Gross Sales that is written off during the current period.

If a company employs the net method of recording accounts receivable from customers, then sales discounts forfeited should be reported as _________.

A. an item of "other revenue and expense" on the income statement

B. a deduction from sales revenue on the income statement

C. sales discount forfeited on the balance sheet an item of "other revenue and expense" on the income statement