Chapter9: Receivables

Initial Post

Part 1 (Use the annual report of your selected company) My selected company is Facebook

What are the three classifications of receivables?Which does your company have? Look in the notes to the financial statement to find out which method they use for writing off receivables.

Part 2

Dan's Hardware is a small hardware store in the rural township of Twin Bridges. It rarely extends credit to its customers in the form of an account receivable. The few customers who are allowed to carry accounts receivable are long-time residents of Twin Bridges with a history of doing business at Dan's Hardware. What method of accounting for uncollectible receivables should Dan's Hardware use? Why?

Responses to Instructor

Please check your thread for questions or comments from me and be sure to provide a comprehensive response, as requested.

Responses to Classmates

Please let your classmates know how

Writing and References

Please make sure that your initial post contains a properly cited references.You should cite your text as a minimum. Also, please include the link to your company's annual report. Additionally,check your spelling and proofread your post before you hit the submit button.