Under the allowance method of recognizing uncollectible accounts, the entry to write off an uncollectible account has no effect on net income. has no effect on the allowance for uncollectible accounts. decreases net income. increases the allowance for uncollectible accounts.

United continental holdings, inc., (ual), operates passenger service throughout the world. the following data (in millions) were adapted from a recent financial statement of united. sales (revenue) $38,901 average property, plant, and equipment 17,219 average intangible assets 8,883 1. compute the asset turnover. round your answer to two decimal places.