Which of the following is an expense of this period? O A. Costs of items used up this period but paid for next period. OB. Costs of items paid for in this period but used up next period, OC. Both A) and B) above are expenses of this period, OD. Neither A) nor B) above are expenses of this period. Which of the following statements regarding methods of accounting for bad debts is faretrue! O A When the allowance method is used the journal entry to write of an uncollectible account does not change the amount reported an et accounts receivable on the once sheet B. The allowance for doubtful accounts is a contra el account Both A and B above are true 1. Neither Anor above is true Which of the following statements regarding the straight-line depreciation is (are) correct? A in calculating straight-line depreciation, the asset's residual value is not considered on when the straight-line method is used to compute depreciation, depreciation expense and the assers carrying to remain constant over the title of the Both A and B above are true OD. Neither Anor Babove is true ABC corporation collects an account that was written off before. What is the act of this transaction on cancial statement DA Libes will increase 5. Liabilities will create Liabilities will re, chart D. None of the above