[Solved] Hugo is cunning, charismatic and sadistic. He never accepts responsibility for his actions and blames his illegal activities on watching violent porn as a child. He most likely _____. A) is a sociopath B) has a oppositional personality C) has suffered some traumatic brain injury D) exists in a fugue state Allowance for Doubtful Accounts: A contra-asset account that represents an estimate of the amount of accounts receivable which may not be collected, reducing the gross amount of receivables reported on the balance sheet. Balance Sheet: A report detailing a firm's assets, liabilities, and owners' equity at a particular moment, offering a glimpse into its financial health. Contra-Asset Account: An account on a company's balance sheet that reduces the value of a related account. Bank Reconciliations: The process of matching and balancing figures in accounting records with those presented in a bank statement to ensure they are in agreement and accurate.