Question
The A company reported Accounts receivable, net of $75,199 thousand in 2015 and an allowance for doubtful accounts of $3,200 thousand. Pretax income in 2015
The A company reported Accounts receivable, net of $75,199 thousand in 2015 and an allowance for doubtful accounts of $3,200 thousand. Pretax income in 2015 was $458,422 thousand. If the companys managers had purposely underestimated the allowance for doubtful accounts by $850 thousand, how would the 2015 income statement be affected? What about future financial statements?
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Cost Accounting Concepts And Applications For Managerial Decision Making
Authors: Ralph S. Polimeni, James A. Cashin, Frank J. Fabozzi, Arthur H. Adelberg
2nd Edition
0070103100, 978-0070103108
