Accounting Multiple Choice Questions (Simple)

Please answer the multiple choice questions below.

Question '1 {1 point} Using the allowance method, when an account receivable is written off. the account to be debited is O all accounts receivable. O b} bad debts expense. 0 c} allowance for doubtful accounts. 0 d} cash. Question 2 {1 point} A manufacturing company typically maintains the following inventory accountis}: O a} Merchandise Inventory. 0 b} Raw Materials and Work in Process only. 0 c} Raw Materials. Work in Process and Finished Goods Inventory. 0 d} Work in Process and Merchandise Inventory only. Question 3 {1 point} When the cost model is applied to an investment in debt securities, such as bonds, it is referred to as the O a} equity method. 0 b} fair value through net income model. 0 c} fair value through other comprehensive income model. 0 d} amortized cost model