The Allowance for Uncollectible Accounts is classified as: Question content area bottom Part 1 A. a contraminusrevenue account. B. a contraminusexpense account. C. a contraminusasset account. D. an asset account.The cost of the inventory that a business has sold to customers is called: Question content area bottom Part 1 A. inventory. B. cost of goods sold. C. gross profit. D. purchases