Which of the following is true of the Allowance for Uncollectible Accounts account? A. It is a "nominal" or income statement account. B. It is a contra-revenue account. C. It may have a debit balance at year end following the adjustment for estimated uncollectible accounts receivable. D. Its balance following the year end adjustment should reflect an estimate of the amount of ending accounts receivable that will ultimately prove to be uncollectible. E. none of these A debit balance in the Allowance for Uncollectible Accounts account before the year end adjustment for the current year's uncollectible accounts expense means A. that the prior year's estimated uncollectible accounts receivable must have been overestimated. B. that the prior year's estimated uncollectible accounts receivable must have been underestimated. C. that the current year's write-offs of uncollectible accounts receivable were less than the prior year's ending allowance for uncollectible accounts balance. D. that the direct write-off rather than the allowance method was used to account for uncollectible receivables