Nixtel Inc. reported net receivables of ($ 2,583) million and ($ 2,785) million at December 31, 2020
Question:
Nixtel Inc. reported net receivables of \(\$ 2,583\) million and \(\$ 2,785\) million at December 31, 2020 , and 2019, after subtracting allowances of \(\$ 62\) million and \(\$ 88\) million at these respective dates. Nixtel earned total revenue of \(\$ 10,948\) million (all on accounts) and recorded bad debt expense of \(\$ 2\) million 'for the year ended December 31, 2020.
{Requirements}
Use this information to measure the following amounts for the year ended December 31, 2020 :
a. Write-offs of uncollectible receivables
b. Collections from customers
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Related Book For
Financial Accounting
ISBN: 9780135433065
7th Canadian Edition
Authors: Walter Harrison, Wendy Tietz, C. Thomas, Greg Berberich, Catherine Seguin
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