Question
The fiscal year 2015 and 2014 financial statements for AT&T's financial statements contained the following information: Balance Sheets ($ in millions) 2015 2014 Current assets
The fiscal year 2015 and 2014 financial statements for AT&T's financial statements contained the following information:
Balance Sheets ($ in millions) 2015 2014
Current assets:
Accounts receivable, net of allowances for
doubtful accounts of $704 and $454 $16,532 $14,527
Income Statements ($ in millions) 2015 2014
Revenues $146,801 $132,447
In addition, the statement of cash flows disclosed bad debt expense of $1,416 million in 2015 and $1,032 million in 2014.
Calculate the following (must show work below to get credit:
Actual bad debt write-offs made during 2015:
Cash collected from customers in 2015 (dont forget to include your answer for part 1):
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