QUESTION 9 Entity Cuses accrual accounting and should recognize revenue O When either cash or credit sales are made Only when cash sales are made Only when credit sales are made When cash sales are made and only when cash collections are made on credt sales QUESTION 10 Entry uses the allowance method for uncollectible accounts When toter writes of all account, it should debit bad debt expense and credit accounts receivable debit allowance for doubtful accounts and credit accounts receivable debit sales returns and allowances and credit accounts receivable none of the above QUESTION 11 Which is an advantage of corporations relative to sole proprietorship and partnerships? O simple to set up, no need to file anything with the state Imited liability for investors less government regulation lower taxes