1. An accounts receivable with a 100 percent probability of being collected is a cash equivalent (a) True (b) False 2. When a provision (allowance) is no longer necessary (a) An expense account is...

1. An accounts receivable with a 100 percent probability of being collected is a cash equivalent (a) True (b) False

2. When a provision (allowance) is no longer necessary (a) An expense account is decreased (b) A revenue account is increased (c) Both solutions are possible, it depends on the country (d) None of these