Question
Reading 3M Companys Balance Sheet: Accounts Receivable The following current asset appears on the balance sheet in 3M Companys Form 10-K for the year ended
Reading 3M Companys Balance Sheet: Accounts Receivable The following current asset appears on the balance sheet in 3M Companys Form 10-K for the year ended December 31, 2012 (amounts in millions of dollars): Use this information to answer the following questions. Enter dollar amounts in millions. Required: 1. What is the balance in 3M Companys Allowance for Doubtful Accounts at the end of 2012 and 2011? 2012 $ _________________ million 2011 $ _________________ million 2. What is the net realizable value of 3M Companys accounts receivable at the end of each of these two years? 2012 $ _________________ million 2011 $ _________________ million
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