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lindacguo
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3.What effect would the actual writing off of an uncollectible account have on Accounts Receivable under the following two methods?
Direct Write-OffAllowance
A.DeductionDeduction
B.AdditionDeduction
C.DeductionAddition
D.AdditionAddition
4.Boeing Corporation reported accrued interest receivable of $38,000 and $46,500 at January 1 and December 31, 2001, respectively. During 2001, cash collections from the investments included interest of $152,000. What amount should Boeing report as interest revenue from investments for 2001?
A.$160,500
B.$153,500
C.$152,000
D.$143,500
Direct Write-OffAllowance
A.DeductionDeduction
B.AdditionDeduction
C.DeductionAddition
D.AdditionAddition
4.Boeing Corporation reported accrued interest receivable of $38,000 and $46,500 at January 1 and December 31, 2001, respectively. During 2001, cash collections from the investments included interest of $152,000. What amount should Boeing report as interest revenue from investments for 2001?
A.$160,500
B.$153,500
C.$152,000
D.$143,500