The account "allowance for uncollectible accounts" is classified as an A. Liability, B. Contra revenue to credit sales in the income statement. C. Expenses in the income statement. D. Contra asset to accounts receivable in the balance sheet

The amount of a company's receivable is influenced by several variables, including all of the following except. A. The level of sales. B. The nature of the product or service sold. C. The credit and collection policies. D. Devidend payments to stockholders.

A____recivable is an informal credit arrangement with trade customers, whereas a ___receivable is a formal signed credit arrangement between a creditor and a debtor. A. Account, note. B. Revenue, note. C. Note, account. D. Allowance, stock