6. how will the allowance for doubtful accounts be reported on a corporation’s external financial…

6. how will the allowance for doubtful accounts be reported on a corporation’s external financial statements? select... as a reduction of accounts receivable as a reduction of sales as an expense income statements contra revenue

6. how will the allowance for doubtful accounts be reported on a corporation’s external financial statements? select... as a reduction of accounts receivable as a reduction of sales as an expense income statements contra revenue

Answer

Brief Explanations:

The Allowance for Doubtful Accounts is a contra - asset account related to accounts receivable. It represents an estimate of the amount of accounts receivable that may not be collected. On a corporation's external financial statements, it is reported as a reduction of accounts receivable to show the net realizable value of accounts receivable.

Answer:

As a reduction of accounts receivable