1 answer

5. Based on the presented information about a company's trade receivables, the bad debt expense (in...

Question:

5. Based on the presented information about a companys trade receivables, the bad debt expense (in £ millions) for 2018 is £

5. Based on the presented information about a company's trade receivables, the bad debt expense (in £ millions) for 2018 is £ millions 2018 2017 Accounts receivable, gross 6,620 4.840 Allowance for doubtful accounts 92 65 Write-offs during the year 84 42

Answers

Answer 5:

Based on presented information about the company's trade receivables, the bad debt expenses (in  £ millions) for 2018 is =

Allowances for doubtful accounts 2018 ending balance + Write offs in 2018 - Allowances for doubtful accounts 2018 beginning balance

= 92 + 84 - 65

= 111

Based on presented information about the company's trade receivables, the bad debt expenses (in £ millions) for 2018 is = 111

.

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