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Using the data below, answering the following questions: 1. How much Bad Debt Expense did Under Armour record during fiscal year 2021? a) $7,128 b)
Using the data below, answering the following questions:
1. How much Bad Debt Expense did Under Armour record during fiscal year 2021?
a) $7,128
b) $0
c) $9,401
d) ($3,821)
e) $3,821
2. What is the total amount owed to Under Armour by its customers on December 31, 2021?
a) $2,861,499
b) $576,142
c) $164,294
d) $613,307
e) $5,583,466
3. What was the amount of Accounts Receivable that Under Armour wrote-off as uncollectable during the fiscal year ended December 31, 2021?
a) $51,113
b) $3,821
c) $9,401
d) $7,128
OTE 3. ALLOWANCE FOR DOUBTFUL ACCOUNTS The Company's allowance for doubtful accounts was established with information available as of September 30, 2022, including reasonable and supportable estimates of future risk. The following table illustrates the activity in the Company's allowance for doubtful accounts: Under Armour, Inc. and Subsidiaries OTE 3. ALLOWANCE FOR DOUBTFUL ACCOUNTS The Company's allowance for doubtful accounts was established with information available as of September 30, 2022, including reasonable and supportable estimates of future risk. The following table illustrates the activity in the Company's allowance for doubtful accounts: Under Armour, Inc. and SubsidiariesStep by Step Solution
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