1. Under the allowance method, which accounts are adjusted when a specific bad debt is written off?

Group of answer choices

A. Accounts Receivable is decreased and Revenue is decreased

B. Accounts Receivable is increased and Revenue is decreased

C. Accounts Receivable is decreased and Cash is decreased

D. Accounts Receivable is decreased and Allowance for Doubtful Accounts is decreased

2. Under job order costing, costs are tracked by each customer order produced. Which three types of costs are added together to calculate the total job cost?

Group of answer choices

A. Direct materials, direct labor, and indirect materials

B. Variable, fixed and mixed

C. Variable, direct labor, and factory overhead

D. Direct materials, direct labor and applied factory overhead

18. Under the accrual method of accounting, when should a company recognize expenses?

Group of answer choices

A. When management decides to report them.

B. When they are paid.

C. When they occur, even if cash is paid before or after that time.

D. After they are paid.