Under the Allowance Method for Uncollectible Accounts, When a Year-End

question 9

Multiple Choice

Under the allowance method for uncollectible accounts, when a year-end adjustment is made for estimated uncollectible accounts,

• A)total assets decrease.
• B)total assets are unchanged.
• C)net profit is unchanged.
• D)liabilities decrease.

---

Definitions:

Biologists

Scientists who study living organisms and their relationship to the environment.

Nature

Encompasses the natural world, including plants, animals, the landscape, and other features and products of the earth, as opposed to human creations.

Limiting Abiotic Factors

Non-living environmental elements that restrict the growth, distribution, or abundance of organisms, such as temperature, water availability, and nutrients.