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Which of the following statements is a correct statement? Accounts receivables are reported on the balance sheet at the gross value. Allowance for doubtful accounts

Which of the following statements is a correct statement?

  1. Accounts receivables are reported on the balance sheet at the gross value.

  2. Allowance for doubtful accounts is a contra-asset account.

  3. Allowance for doubtful accounts is reported on the balance sheet as a stockholders' equity account.

  4. The allowance of doubtful accounts results in a decrease of the bad debt expense.

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