Question 10 "Allowance for Doubtful Accounts" is a(n) expense account. contra account. O liability account. O current asset. TING 1 (ACCT 315/3210 Practice Assignment Gradebook ORION Downloadable e Textbook signment MER FULL SCREEN PRINTER VERSION BACK NEXT CES Question 11 Lebanon Ltd. prepared an aging of its accounts receivable at December 31, 2020 and determined that the net realizable value of the receivables was $290,000. Additional information for calendar 2020 follows: Allowance for doubtful accounts, beginning Uncollectible account written off during year Accounts receivable, ending Uncollectible accounts recovered during year $ 34,000 23,000 320,000 5,000 For the year ended December 31, 2020, Lebanon's bad debt expense should be $20,000 $16,000 O $23,000 O $14,000. udy SAVE FOR LATER SUBMIT ANSWER Question Attempts: 0 of 1 used Version 4.24.19.4 Question 12 Which of the following statements is correct? O All notes contain an interest element because of the time value of money. A note is signed by the payee in favour of the maker. O A long-term note's fair value and present value are always the same. O There is no interest included in a zero-interest-bearing note. Question Attem