$01$:$1823$

Tise Remakine

Multiple Choice $3$ points

Which of the following statement is false?

The balance in Allowance for Doubtful Accounts represents the amount a company thinks it will not collect from a customer.

On the balancesheet, the Allowance for Doubtful Account is added to Accounts Recelvable account.

The net accounts receivable reported in the current asset section of a company's balance sheet represents all accounts recelvables erpected io be collected with the next year.

The allowance mothod of accounting estimates and records bad debt expense at the end of accounting period, even though it is not known which autamers accounts will be doubtful.

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