1. Based on the balance sheet excerpt for Apple Inc. in Exhibit 5 , what percentage of...
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1. Based on the balance sheet excerpt for Apple Inc. in Exhibit 5 , what percentage of its total accounts receivable in 2009 and 2008 does Apple estimate will be uncollectible?
2. In general, how does the amount of allowance for doubtful accounts relate to bad debt expense?
3. In general, what are some factors that could cause a company’s allowance for doubtful accounts to decrease?
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1 millions The percentage of 2009 accounts receivable estimated to be uncollectible is 15 percent calculated as 523361 52 Note that the 3361 is net of ...View the full answer
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Related Book For 
International Financial Statement Analysis CFA Institute Investment Series
ISBN: 9780470287668
1st Edition
Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie
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