C https://mdc.blackboard.com/webapps/assessment/take/launch.jsp?course assessmentid--464953 1&course id-115481 1&content id- 559 Microsoft AutoUpdate Update Laten Updates are ready to be instaled. QUESTION 5 Restart App Under the direct write-off method, which of the following is included in the entry to write off an uncolectible account? O a credit to the Allowance for Bad Dobts O a credit to the customer's Account Receivable O a debit to Allowance for Uncollectible Accounts O No entry is made to write off uncollectible accounts. QUESTION 6 4 points Save Answer The credit department must have access to cash in order to exercise effectivo internal control over receivables. O True O False QUESTION 7 4 points Save Answer The gain or loss on the sale of a plant asset is determined by comparing sale value and book value O sale value and residual valuer sale value and original cost O book value and residual value QUESTION 8 points Save Answer The process by which businesses spread the allocation of an intangible asset's cost over its useful life is referred to as amortization. O True O False QUESTION 9 points Save Answer Hastings Corporation has purchased a group of assets for $15,000, The assets and their relative market values are listed below Land Equipment Building $6,500 2,000 9,000 Click Save and Submit to save and submit. Click Save All Answers to save all answers C https://mdc.blackboard.com/webapps/assessment/take/launch.jsp?course assessmentid--464953 1&course id-115481 1&content id- 559 Microsoft AutoUpdate Update Laten Updates are ready to be instaled. QUESTION 5 Restart App Under the direct write-off method, which of the following is included in the entry to write off an uncolectible account? O a credit to the Allowance for Bad Dobts O a credit to the customer's Account Receivable O a debit to Allowance for Uncollectible Accounts O No entry is made to write off uncollectible accounts. QUESTION 6 4 points Save Answer The credit department must have access to cash in order to exercise effectivo internal control over receivables. O True O False QUESTION 7 4 points Save Answer The gain or loss on the sale of a plant asset is determined by comparing sale value and book value O sale value and residual valuer sale value and original cost O book value and residual value QUESTION 8 points Save Answer The process by which businesses spread the allocation of an intangible asset's cost over its useful life is referred to as amortization. O True O False QUESTION 9 points Save Answer Hastings Corporation has purchased a group of assets for $15,000, The assets and their relative market values are listed below Land Equipment Building $6,500 2,000 9,000 Click Save and Submit to save and submit. Click Save All Answers to save all answers