The 2011 annual report of the University of Washington includes information about its receivables from student loans in a footnote to the financial statements ($ in thousands):

1. Compare the quality of the loans outstanding at the end of 2011 with the quality of those outstanding at the end of 2010.
2. Suppose the university had granted $500,000 of additional loans before the end of 2011. Using the allowance method, which accounts would be affected by the additional loans and by how much? Use the bad debt percentage for loans outstanding at the end of2011.

  • CreatedFebruary 20, 2015
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