Which of the Following Statements About the Allowance for Doubtful

Which of the following statements about the allowance for doubtful debts account is true?

A) The allowance for doubtful debts account represents cash available to meet losses incurred when customers are unable to pay their accounts.
B) The allowance for doubtful debts account functions to adjust the net value of accounts receivable down to the lower of cost and current estimated collectable amount.
C) The allowance for doubtful debts account represents the total of accounts considered uncollectable for the current period.
D) None of the above.