1........When the allowance method of recognizing uncollectible accounts

is used, what is the net effect of a collection of an account previously written off on gross Accounts Receivable and Bad Debt Expense, respectively?
Select one:
a. Increase, Decrease
b. Increase, No Effect
c. No Effect, Decrease
d. No Effect, Increase
e. No Effect, No Effect


2......
Which income statement line item will appear if the "Gross" method of accounting for discounts is used, but not the "Net" method?
Select one:
a. Sales Discounts Forfeited
b. Gross Profit
c. Sales Discounts
d. Cost of Goods Sold
e. Freight-Out