Which One is False? Common Shereholders are the owners of a Corporator Preferred Shareholders are the owners o! a Corporation Corporations are required to File Income Tax Returns and Pay Income Taxes Annually Corporations are organized registered and approved by the appropgate State Govenient Which one is True? Sonds issued by a Corporation are recorded in the accounting records similar Bondholders are the owners of a company A Capital Lease is recorded in the accounting records similar to a Rent transaction An Operaung Losco is recorder in the accountrig records similar to the Purchase of Equipment Which one is False? The 'Allowance for Un Collectible Accounts General Ledger Accountis an Asseto: Contra Asset account The Bad Oebt expuse Account is an Income Statement Account The Oirect Wite Of Method of Accounting for Un Collectible Accounts Receivable is required by GAAP Rules and the sec The Entry to Record the Write Off of a Customer Acct, Using the Allowance method will include a Credit to Accounts Receivable