True/False Indicate whether the statement is true or false 1. The cost of replacing an engine in a truck is an example of ordinary maintenance. 2. Receiving payment prior to delivering goods or services causes a current liability to be incurred. 3. The discount on a note payable is charged to an account that has a normal credit balance 4. Of the two methods of accounting for uncollectible receivables, the allowance method provides in advance for uncollectible receivables. Allowance for Doubtful Accounts is a liability account. To a major resort, timeshare properties would be classified as property, plant and equipment. 5. 6