Receivables Methods of Bad Debt. Irregular Analysis
100
What is Account Receivable.
This is the amounts the customers owe the Company for normal credit purchases?
100
What is Allowance Method.
What is the method of bad debt called that involves estimating uncollectible accounts at the end of each period.
100
What are Irregular items
They are know to say "Let the tax follow the income or loss" John Wiley & Sons, Inc 2007
100
What is horizontal analysis.
A technique for evaluating a series of financial statement data over a period of time to determine the increase (decrease) that has taken place, expressed as either in an amount or a percentage.
200
What is Notes Receivable.
This is claims for which formal instruments of credit are issued as evidence of the debt.
200
What is Direct write-off Method.
What is the method of accounting for bad debts that involves expensing accounts at the time they are determined to be uncollectible?
200
What are the way irregular items are identified by the on the income statement.
Discontinued Operations and Extraordinary items
200
What is vertical analysis.
A technique for evaluating financial statement data that expresses each item in a financial statement as a precent of a base amount.
300
What is Other Receivables.
This is non-trade receivables such as interest receivable, loans to company officers, advance to employees, and income taxes refundable.
300
What is Irregular items reported net of income taxes.
How a company must calculate first income tax expense for the income before irregular items.
400
What is Two.
How many accounting problems are associated with accounts Receivable?
500
What is receivables.
This is the amounts due from individuals and companies that are expected to be collected in cash.






CHAPTERS 8 and 13

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