Why is it important to check if debt is decreasing if we have decline in interest expense in financial statement?
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Why is it important to check if debt is decreasing if we have decline in interest expense in financial statement?
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- How do you evaluate whether the rates calculated are too high or too low based on the financial statements?What are the impacts on your financial statement if you account the transactions not accurately?How does collection policy influence sales, the collection period, and the bad debtloss percentage?
- Which of the following estimation methods considers the amount of time past due when computing bad debt? A. balance sheet method B. direct write-off method C. income statement method D. balance sheet aging of receivables methodWhich of the following is not a way to manage earnings? A. Change the method for bad debt estimation. B. Change the figure for the uncollectible percentage. C. Under the balance sheet aging method, change the past-due categories. D. Change the dates of common stock issuance.16. What do you call for the likelihood of loss due to customers are not paying their amounts owing? a. Discount risk b. Credit risk c. Payment risk d. Loss risk
- What are bad debts? What are the two most common receivables ratios, and what do these ratios tell a stakeholder about the company? What is a possible ramification of deferred revenue reporting?Accrual accounting requires estimates of future outcomes. For example, the reserve for bad debts is a forecast of the amount of current receivables that will ultimately prove uncollectible. Required: Identify and explain three reasons why accounting information might deviate from the underlying economic reality. Cite examples of transactions that might give rise to each of the reasons.What is bad debt reserves?
