Question
Income Statement Accts 2017 2016 2015 Bad Debt Expense 65.1 51.5 45.1 Sales 3,686.9 3,430.4 3,352.8 Balance Sheet Accounts 2017 2016 2015 Allowance for Bad
| Income Statement Accts | 2017 | 2016 | 2015 |
| Bad Debt Expense | 65.1 | 51.5 | 45.1 |
| Sales | 3,686.9 | 3,430.4 | 3,352.8 |
| Balance Sheet Accounts | 2017 | 2016 | 2015 |
| Allowance for Bad Debt | 75.7 | 66.5 | 59.3 |
| Net Accounts Receivable | 1,181.0 | 1,071.3 | 1,009.8 |
3.4 What percent of 2016 receivables does the company expect to be uncollectible in 2017?
| 6.02% | ||
| 6.36% | ||
| 8.46% | ||
| 8.75% |
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Trucking Industry IRS Audit Techniques Guide
Authors: Internal Revenue Service
1st Edition
1304135640, 978-1304135643
