Concering the Balance Sheet Select one: O A. A high level of Goodwill is greatly desired and leads to increased profit returns O B. Current Assets are cash or will be converted to cash within twelve months or one operating cycle if it is longer than twelve months. O C. We like to avoid a high level of current abilities due to the high finance/interest costs these types of liabilities pose to our company O D. The treasury stock line item appears in the Equity section of the balance sheet and increases my total equity levels O E. Long-term debt is never a good thing to see on the balance sheet and generally leads to the ruin of companies If I feel that I will be unable to collect all of my Accounts Receivable, I will establish a reserve account on my balance sheet to account for AR I am unable to collect and that account is typically referred to as Select one O A The Allowance for Amortization B. The Allowance for Doubtful Accounts OC. Bad Debt Expense. O D. Doubtful Accounts pense O E. Gross Receivables