As you are studying in chapter 8 about receivables, and in chapter 9 about depreciating long-lived assets, there are elements of financial accounting that involve estimated amounts. Therefore, not every last cent of Net Income earned by a company is based on cold, hard, verifiable amounts related to financial transactions. As a result, accountants have been labeled by some with the stereotype for engaging in "creative accounting" techniques. Now that you have been introduced to two applications in which financial accounting and reporting involves estimated amounts (estimating bad debt expense and estimating factors to calculate depreciation expense), discuss your perspective about, feeling for, and trust of the established financial accounting system used in our society.