These are all true/false questions that I have an idea as to which one’s they are, but i’d just like…

These are all true/false questions that I have an idea as to which one’s they are, but i’d just like to get a second opinion just to make sure the answers are correct before submitting it.

1) A company’s acceptance of credits cards, like MasterCard, is an example of factoring with recourse.
T or F?

2) Following a lenient credit-granting policy will probably result in fewer defaults by customers.
T or F?

3) The receivable turnover is expressed in terms of dollars.
T or F?

4) Notes receivable and cash are examples of short-term financial assets.
T or F?

5) A compensating balance refers to a minimum amount that must remain in a bank account as part of a credit-granting arrangement.
T or F?

6) On a bank reconciliation, an NSF check would be deducted from the balance per bank.
T or F?

7) On a bank reconciliation, a bank service charge would be deducted from the balance per books.
T or F?

8) Because bad debt losses are incurred to generate sales, they should be charged against the sales that they helped generate.
T or F?
9) The allowance method of handling bad debts violates the matching principle.
T or F?

10) Under the allowance method, Uncollectible Accounts Expense is recorded when an individual customer defaults.
T or F?

11) The Allowance for Uncollectible Accounts is a contra-asset account.
T or F?

12) The debtor named in a promissory note is called the payee.
T or F?

Thanks for the help.