Using the allowance method of accounting for uncollectible receivables, the entry to reinstate a specific receivable previously written off would include a: a. Credit to accounts Receivable b. Debit to Allowance for Doubtful Accounts c. Credit to Body Debt Expense d. Debit to Accounts Receivable The data on which a cash dividend becomes a binding legal obligation is on the: a. Declaration date b. Payment date c. Last day of the focal year d. Date of record Under the allowance method of occulting for uncollectible receivables, writing off an uncollectible account: a. Is not acceptable practice b. affects only balance sheet accounts c. Affects only income statement accounts d. Affects both balance sheet and income statement account Which of the following should be included in the acquisition costs of a piece of equipment? a. Testing costs prior to placing the equipment into production b. Transportation costs c. Instantiation costs d. All are correct Expenditures that add to the utility of fixed assets for more than one accounting period are: a. Revenue expenditures b. Committed expenditures c. Capital expenditures d. utility expenditures