Which Financial Statement Shows the Allowance for Uncollectible Accounts

question 44

Multiple Choice

Which financial statement shows the Allowance for uncollectible accounts?

• A)Income statement
• B)Balance sheet
• C)Statement of cash flows
• D)both the Income statement and the Balance sheet

---

Definitions:

Diverge

To move or extend in different directions from a common point; to differ in opinion, character, or form.

Phonetic Alphabet

A set of symbols or codes used to represent the sounds of spoken language, facilitating accurate communication, especially in noisy environments or over radio.

Cherokee Language

A Southern Iroquoian language spoken by the Cherokee people, notable for its unique writing system, the Cherokee syllabary, invented by Sequoyah.

Sequoyah

A Native American silversmith and scholar known for creating the Cherokee syllabary, a writing system for the Cherokee language.