TRUE OR FALSE

The journal entry to write off an uncollectible account decreases total assets.

When a discount on a note receivable is reduced, the carrying value on the note receivable increases.

Unusual and infrequent gains and losses are reported on a per-share basis in the income statement.

Other comprehensive income is reported in the stockholders equity section of the balance sheet.

When a company sells a warehouse at a loss, its operating income will decrease.

If a company changes its estimate of bad debts expense in the current year, the current periods beginning retained earnings would need to be adjusted.

Short-term investments are classified in the current assets section of the balance sheet.

Treasury stock decreases total stockholders equity.

An decrease in inventory should be added to net income in the operating section of the statement of cash flows.

Additional paid-in capital in excess of par is reported in the Investments section of the balance sheet.