Question: Examine the table in Note 5 to CAE s financial statements
Examine the table in Note 5 to CAE's financial statements that describes the changes in the allowance for doubtful accounts. By how much did the balance in the account change in fiscal 2012? Why did the balance change? What journal entry would CAE have made to record additions to the allowance account for fiscal 2012? What entry would be made when management determined that a specific amount owing from a customer wasn't going to be collected?
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