On January 1 Yeart the Accounts Hecevable balance was $25,800 and the balance in the Allowance for Doubtful Accounts was $2.800 On January 15 Year 1, an $800 uncollectible account was wereen-off What is me net realabe value of accounts receivabre immedidely aner the witte off Ma Che $25,000 $22.200 O $20,000 $23.800 O Which of the following is not an accurate description of the Allowance for Doubtful Accounts? Multiple Choice The account is a contra account. The account is a liability. The amount of the Allowance for Doubtful Accounts decreases the net realizable value of a company's receivables The account is increased by an estimate of uncollectible accounts expense. Chico Comparty paid $500,000 for a basket purchase that excluded office hanture, a building and land. An appraiser provided the following estates of the market values of the assets if they had been purchased separately Office furniture. $110 000 Building. $400.000, and Land, $80.000 Based on this information, what is the cost that should be allocated to the office furniture? (Round intermediate percentage values to a whole percentage) Mutiple Chose O $95.000 SH0.000 $175325 O $55,500 How is depreciation expense reported in the financial statements? Multiple Choice Long-term liabilities section of the statement of stockholders' equity Financing activities section of the statement of cash flows Current assets section of the balance sheet Operating expenses section of the income statement