O an operating expense O a contra-revenue account. QUESTION 15 The existing bala

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O an operating expense O a contra-revenue account. QUESTION 15 The existing balance in Allowance for Doubtful Accounts is considered in computing bad debts expense in the O direct write-off method. O percentage of receivables basis. O percentage of sales basis O percentage of receivables and percentage of sales basis. QUESTION 16 The interest on a S3,000, 10%. 1-year note receivable that is three inonths.frommaturity is O $3,000. O $300. O $3,030. O $225 Save Click Save and Submit to save and submit. Click Save All Answers to save all answers.

Explanation / Answer

Dear student, only one question is allowed at a time. I am answering the first question

Under the percentage of receivables basis, the existing balance in the allowance for doubtful accounts is considered in computing bad debts expense

So, as per above discussion, option B is the correct option

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