An examination of the balance sheet of Family Dollar Stores
An examination of the balance sheet of Family Dollar Stores, Inc., shows no allowance for bad debts.
1. Under what conditions would a company be allowed to omit this account from the balance sheet? Does this make sense for Family Dollar Stores, Inc.?
2. Many of Family Dollar Stores, Inc.’s customers pay with credit cards. How do you think those sales are reflected on the financial statements?

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