Which of the following financial statements will the "Sales Discount" account show up on? Income Statement Balance Sheet O Statement of Net Income Statement of Cash Flows O Statement of Stockholders' Equity Which of the following financial statements will the "Allowance for uncollectible accounts" account show up on? State of Profit and Loss Statement of Cash Flows Statement of Net Income Income Statement Balance Sheet Statement of Stockholders' Equity The amount of the adjustment to allowance for uncollectible accounts, representing the cost of estimated future bad debts charged to the current period is known as which of the following: O Bad Debt Expense Amortization Expense Cost of goods Sales return What is separation of duties? A company's plan to 1. Safeguard the company's assets, and 2. Improve the accuracy and reliability of accounting information. Formal Process by which managers at all levels gain information about performance of the organization and employee tasks within the firm and judge that performance against pre-established criteria as set out in financial statements, budgets, plans, and goals. Authorizing transactions, recording transactions, and maintaining control of related assets should be separated among different employees