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lem #12 of 25 Other disclosures related to receivables are reported a. either on the face of the financial statements or in the financial statement
lem #12 of 25 Other disclosures related to receivables are reported a. either on the face of the financial statements or in the financial statement notes. b. on the income statement. c. on the face of the financial statements. d. in the financial statement notes. Em #13 of 25 Under the allowance method, when a specific account is written off, a. total assets will be unchanged. b. total assets will decrease. c. net income will decrease. od. total assets will increase. olem #14 of 25 Allowance for Doubtful Accounts has a credit balance of $500 at the end of the year (before adjustment), and uncollectible accounts expense is estimated at 2% of sales. If sales are $600,000, the amount of the adjusting entry to record the provision for doubtful accounts is a. $12,000. ob. $12,500. c. $11,500. od. None of these choices are correct
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