The financial statements of Louis Vuitton are presented in Appendix F. The complete consolidated financial statements, including the notes to its financial statements, are available at the company's website.

Instructions.
Use the company's 2019 consolidated financial statements to answer the following questions.
a. What is the accounting policy related to accounting for trade accounts receivable?
b. According to the notes to the financial statements, what accounted for the difference between gross trade accounts receivable and net accounts receivable?
c. According to the notes to the financial statements, what was the major reason why the balance in receivables increased relative to the previous year?
d. Using information in the notes to the financial statements, determine what percentage the provision for impairment of receivables was as a percentage of total trade receivables for 2019 and 2018. How did the ratio change from 2018 to 2019, and what does this suggest about the company's receivables?