The balance in Allowance for Doubtful Accounts would have a debit balance when Select one the percentage of receivables basis is used. an uncollectible account is later recovered. write offs during the year have been less than previous provisions write off during the year have exceeded previous provisions Which one of the following would appear on the statement of income of both a merchandising company and a service company? Select one Gross pront Net income Sales revenues Cost of goods sold A multiple-step statement of income shows Select one O gross profit but not income from operations b. neither gross profit nor income from operations, c. both gross profit and income from operations @d. income from operations but not gross profit