Multiple Choice

Homework due Apr 28, 2021 23:00 CST Part A 0.0/2.0 points (graded) On which financial statement and at what amount are accounts receivable reported? Select all that apply Balance sheet at the amount owed by customers Income statement at the net uncollectible amount Income statement at the amount written off Balance sheet at the net realizable value Submit You have used of 1 attempt Save Part B 0.0/2.0 points (graded) Which of the following occurs when a company receives additional information that requires it to increase its expectations of uncollectible accounts receivable? Select all that apply. Accounts receivable (net) is reduced Bad debt expense is increased Cash holdings decrease The allowance account is decreased Submit You have used 0 of 1 attempt Save Part C 0.0/2.0 points (graded) Which of the following are ways companies could use accounts receivables for earnings management? Select all that apply. Overestimate uncollectibles to reduce earnings (cookie jar reserve) Underestimate uncollectibles to reduce earnings (cookie jar reserve) Underestimate uncollectibles to increase earnings Overestimate uncollectibles to increase earnings Submit You have used 0 of 1 attempt Save