Which of the following statements regarding reporting receivables on the balance sheet is TRUE? O Bad debt expense is shown as a deduction from accounts receivable on the balance sheet. O Bad debt expense and allowance for doubtful accounts are shown as deductions from accounts receivable on the balance sheet. O The allowance for doubtful accounts is shown as a deduction from accounts receivable on the balance sheet. O Bad debt expense is subtracted from accounts receivable and is then shown as a deduction from accounts receivable on the balance sheet