Question
The annual report for Fabeck Finishing Corporation contained the following information: (in millions) 2021 2020 Accounts Receivable $ 647 $ 709 Allowance for Doubtful Accounts
The annual report for Fabeck Finishing Corporation contained the following information:
| (in millions) | 2021 | 2020 |
|---|---|---|
| Accounts Receivable | $ 647 | $ 709 |
| Allowance for Doubtful Accounts | 19 | 17 |
| Accounts Receivable, Net | $ 628 | $ 692 |
Assume that accounts receivable write-offs amounted to $12 during 2021 and $2 during 2020, and that Fabeck Finishing did not record any recoveries.
Required:
Determine the Bad Debt Expense for 2021 based on the above facts.
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Crash Course Medical Research Audit And Teaching The Essentials For Career Success
Authors: Amit Kaura MSc BSc MB ChB MRCP AFHEA AMInstLM, Darrel Francis, Shreelata T Datta MD MRCOG LLM MBBS BSc, Philip Xiu MA MB BChir MRCP MRCGP MScClinEd FHEA MAcadMEd RCPathME
2nd Edition
0702073784, 978-0702073786
