Multiple Choice
Which one of the following is not an accurate description of Allowance for Doubtful Accounts?
A) Contra account
B) Balance sheet account
C) Income statement account
D) Current asset account
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q105: Typically,the lower the accounts receivable turnover ratio,the
Q106: The comparative balance sheets of Midnite Corp.for
Q107: Bonds issued by corporations or governmental bodies
Q108: Utah Co.sold merchandise to Big Sky Corp.on
Q109: A company that holds a promissory note
Q111: The gross accounts receivable less the allowance
Q112: A decrease in accounts receivable represents an
Q113: The date that a promissory note is
Q114: The 2017 annual report of Ski
Q115: The percentage of net credit sales approach