The financial statements of Calico Corporation, for the May 31, year-end, included the following information relating to their allowance for doubtful accounts: Balance in allowance at the beginning of the year $360 million, accounts written off during the year of $151 million, balance in allowance at the end of the year $351 million.

What did Calico Corporation report as bad debt expense for the year?

A) $200 million

B) $209 million

C) $142 million

D) $160 million

E) None of these are correct.

Answer rating: 100% (QA)

The option C is correct Calico Corporation report as bad debt expense for the year amounts to 142 ... View the full answer