Net Accounts Receivable: Allowance for Doubtful Accounts Video Lessons

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Problem: 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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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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Based on our data, we think this problem is relevant for Professor Ariali's class at KSU.