Nixtel Inc. reported net receivables of $2,583 million and $2,785 million at December 31, 2014, and 2013,

Question:

Nixtel Inc. reported net receivables of $2,583 million and $2,785 million at December 31, 2014, and 2013, after subtracting allowances of $62 million and $88 million at these respective dates. Nixtel earned total revenue of $10,948 million (all on account) and recorded bad debt expense of $2 million for the year ended December 31, 2014.

Requirements

Use this information to measure the following amounts for the year ended December 31,

2014:

a. Write-offs of uncollectible receivables

b. Collections from customers

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Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-0133472264

5th Canadian edition

Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin

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