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6) Vandross Company has recorded bad debt expense in the past at a rate of 12% of accounts receivable, based on an aging analysis. In
6) Vandross Company has recorded bad debt expense in the past at a rate of 12% of accounts receivable, based on an aging analysis. In 2025, Vandross decides to increase its estimate to 2%. If the new rate had been used in prior years, cumulative bad debt expense would have been $380,000 instead of $285,000. In 2025, bad debt expense will be $120,000 instead of $90,000. If Vandross's tax rate is 30%, what amount should it report as the cumulative effect of changing the estimated bad debt rate? +RE? 176) Using the information from BF37 prepare a retained earnings statement for the year ended December 31, 2025. Assume (using weighted-average pricing) of $180,000. Show comparative income statements for Williamson, beginning with "Income before income tax," as presented on the 2025 income statement. (The tax rate in all years is 30%.) *BE3.16 (LO 6) Vandross Company has recorded bad debt expense in the past at a rate of 11/2% of accounts receivable, based on an aging analysis. In 2025, Vandross decides to increase its estimate to 2%. If the new rate had been used in prior years, cumulative bad debt expense would have been $380,000 instead of $285,000. In 2025 , bad debt expense will be $120,000 instead of $90,000, If Vandross's tax rate is 30%, what amount should it report as the cumulative effect of changing the estimated bad debt rate
6) Vandross Company has recorded bad debt expense in the past at a rate of 12% of accounts receivable, based on an aging analysis. In 2025, Vandross decides to increase its estimate to 2%. If the new rate had been used in prior years, cumulative bad debt expense would have been $380,000 instead of $285,000. In 2025, bad debt expense will be $120,000 instead of $90,000. If Vandross's tax rate is 30%, what amount should it report as the cumulative effect of changing the estimated bad debt rate? +RE? 176) Using the information from BF37 prepare a retained earnings statement for the year ended December 31, 2025. Assume
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