Einhorn Industries believes it is not probable that Thaler Inc. will default on an account receivable, but

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Einhorn Industries believes it is not probable that Thaler Inc. will default on an account receivable, but given the possibility of default, Einhorn believes it will collect $30,000 less than the receivable's current carrying value on Einhorn's balance sheet. Under current GAAP, how much impairment charge should Einhorn recognize? Discuss.
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Intermediate Accounting

ISBN: 9781259722660

9th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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