Remaining Time: 25 minutes, 51 seconds. Question Completion Status: QUESTION 10 poin Using the allowance method for accounting for bad debts, the entry to write-off an uncollectible account receivable is: Decrease allowance for doubtful accounts; decrease accounts receivable Decrease allowance for doubtful accounts, increase bad debt expense Increase bad debt expense; decrease accounts receivable Increase bad debt expense, increase allowance for doubtful accounts QUESTION 11 4 points When a material error is discovered in prior financial statements: prior financial statements are restated to their correct amounts assets and liabilities in the current period are restated to their appropriate levels. prior income effects are adjusted to the current period's beginning balance of retained earnings all of these answer choices are correct. 4 points QUESTION 12 Which category of securities is presented on the balance sheet at amortized cost? Trading securities Equity Investments of less than 20% ownership Held-to-maturity securities. Securities available-for-sale. 4 points Save QUESTION 13 Which of the following most likely would be classified as restructuring costs? Click Save and Submit to save and submit. Click Save All Answers to save all answers. Activate Window Go to Sett Close Window Save and Save All Answers