Please help me with these two true and false

If a company discovers one week after its 20X1 year-end but before the release of the financial statements for 20x1, that an accounts receivable is uncollectible because the customer went bankrupt in December 20X1, this information would be disclosed in a note to the financial statements for 20x1 but the related bad debt expense would be recorded in 20X2 because that is when the company determined that the customer was bankrupt. True False A valuation allowance relating to a deferred income tax asset can only arise from a loss carry- forward that has not met the requirement of being "more likely than not to be realized in the future. True False