The collection of an account that had been previously written off under the allowance method for uncollectible accounts

A) increases net income in the period it is collected.
B) decreases net income in the period it is collected.
C) requires a correcting entry for the period in which the account was written off.
D) does not affect net income in the period it is collected.

Refer to Figure 20.2. the theory of comparative advantage suggests that

A) England should export trucks and import cars.
B) England should export both trucks and cars.
C) the United States should export both trucks and cars.
D) the United States should import cars and export trucks.