Question 11 When the allowance method of recognizing uncollectible accounts is used, what is the net effect of a collection of an account previously written off on gross Accounts Receivable and Bad Debt Expense, respectively? Hot yet answered Points out of 100 Fas question Select one: a. Increase, Decrease b. Increase, No Effect c. No Effect, Decrease d. No Effect, increase e. No Effect, No Effect Which income statement line item will hear if the "Gross" method of accounting for discounts is used, but not the "Net" method? Question 12 Not yet answered Points out of 3.00 Flag question Select one: a. Sales Discounts Forfeited b. Gross Profit C. Sales Discounts d. Cost of Goods Sold e Freight-Out Starting 1/1/15 and continuing each January 1 for four additional years, Case Corporation will deposit $10,000 in an account that will initially earn interest at a rate of 6%, credited each year on December 31. After the last deposit is made on 1/1 the account will earn 10% interest. What will be the approximate amount of the investment fund on December 31, 2020? Question 13 Not yet answered Points out of 300 Flag question Select one: a $66,860 b. $60,782 c. $67,012 d. 570,363 O. 573,546 Clear my choice