The entry to replenish the petty cash fund debited Insurance Expense for postage. This would​ cause:     A. Petty Cash to be overstated.   B. Postage Expense to be overstated.   C. Cash to be understated.   D. Insurance Expense to be overstated.

The revenue recognition principle requires that revenues always be recorded when cash is received. True or False True False

When referring to a note receivable or promissory note a.the note cannot be factored to another party b.the note may be used to settle an account receivable c.the note is not considered a formal credit instrument d.the maker is the party to whom the money is due

Cash realizable value is calculated as Accounts Receivable plus Allowance for Doubtful Accounts True False