Calculator Under the allowance method of uncollectible accounts, the entry to reinstate a customer's account that had been written off affects the accounting equation by Oa decreasing an asset and decreasing Stockholders' equity (expense) Ob. decreasing a liability and increasing stockholders' equity (revenue) Oc. increasing a liability and decreasing a liability Od, increasing an asset and decreasing an asset Previous Next Calculator Which statement is not true? Oa. Current assets are normally reported in order of their liquidity, Ob. Cash and cash equivalents are the first items reported under current assets. Oc. All receivables that are expected to be realized in cash beyond 265 days are reported in the non-current assets section. Od. Disclosures related to receivables are reported on the financial statement notes