Which of the following accounts would not be reported in the Property. Plant, and Equipment section of a balance sheet? Select one: A. Accumulated Depreciation Buildings B. Buildings C Depreciation Expense Buildings D. Land Please entity a correct statement for a company that uses the allowance method of accounting for bad debts. Select one: A. It will report accounts receivable on the balance sheet at their net realizable value B. It will record bad debts only when an account is determined to be uncollectible. C. It will reduce the accounts receivable at the end of the accounting period for estimated uncollectible accounts. D. It violates the matching principle. Boston Trombly Company is a defendant in a lawsuit alleging damages of S3 billion. The litigation in anticipated to continue for several years, but no reasonable estimate can be made at this time regarding ultimate financial responsibility. This situation is an example of an) 0 Select one: A S9 billion expense to be recorded in the income statement during the year of the suit. B. loss contingency that should be disclosed in the notes to Boston's financial statements. C. estimated liability that must appear in Boston Trombley Company's balance sheet D. None of these are correct. *** 44 FB FO