ssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Calculator All of the following are true for a company that uses the allowance method of accounting for bad debts, EXCEPT: a. It records bad debt expense each time an account is determined to be uncollectible. b. It uses a contra-asset account called the allowance for doubtful accounts. c. It reports accounts receivable in the balance sheet at their net realizable value. d. It reduces its accounts receivable balance when the account is written off