A Debit Balance in the Allowance Account May Exist Before

question 133

Multiple Choice

A debit balance in the allowance account may exist before recognizing estimated uncollectibles for the period because

• A)firms sometimes write off specific customers' accounts during an accounting period as the firm identifies the specific customers whose accounts have become uncollectible.
• B)firms generally wait until the end of the accounting period to recognize bad debt expense for the period.
• C)the account will always have a credit balance after recognizing the provision for estimated uncollectibles for the period.
• D)all of the above.
• E)none of the above.

---

Definitions:

Model Components

The essential parts or elements that make up a theoretical framework or model.

Emotional Support

Assistance offered through empathy, concern, and love to help a person deal with emotional stress or challenges.

Transtheoretical Model

A theory of behavior change that outlines five stages individuals go through when changing their habits or overcoming addictive behaviors.

Behavior Change

The process by which individuals modify their actions, attitudes, or behaviors, often in response to external influences or internal decisions.