Of the two methods of accounting for uncollectible receivables, ...

[Lobcity]

Of the two methods of accounting for uncollectible receivables, the allowance method provides in advance foruncollectible receivables.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

A source of cash from operating activities is ________.
 
  A) proceeds from a loan
  B) collection of an account receivable
  C) cash received from the sale of used equipment
  D) cash received from the sale of treasury stock

[anoriega3]

Answer to Question 1

True

Answer to Question 2

B

[Lobcity]

TYSM

[abro1885]

Excellent