Which One of the Following Is Not an Accurate Description

question 97

Multiple Choice

Which one of the following is not an accurate description of the Allowance for Doubtful Accounts?

• A)The account is an income statement account.
• B)The account is a contra account.
• C)The amount of the Allowance for Doubtful Accounts decreases the net realizable value of a company's receivables.
• D)The account is increased by an estimate of uncollectible accounts expense.

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Definitions:

Computer Interface

The point of interaction between a computer and the user, including software, screens, menus, and devices for input and output.

Berne Convention

An international agreement governing copyright protection, offering creators of copyrighted works protection across member countries.

Signatories

Individuals, parties, or entities that have signed a document.

Trade Secrets

Information that is not known to the public, confers a competitive advantage to its holder, and is subject to reasonable efforts to maintain its secrecy.