Which of the following disclosures about accounts receivable are required? I. Accounts receivable serving as collateral II.

Question:

Which of the following disclosures about are required?
I. serving as collateral
II. The percentage used to calculate allowance for doubtful accounts
III. Total allowance for doubtful accounts
a. I only
b. I and II
c. I and III
d. I, II, and III
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...