Question: Professional judgment framework Allowance for doubtful accounts Background Wildcat Sporting Goods (WSG) sells athletic shoes and trendy sports apparel to a variety of sporting goods

Professional judgment framework

Allowance for doubtful accounts

Background

Wildcat Sporting Goods (WSG) sells athletic shoes and trendy sports apparel to a variety of sporting goods stores in the Northeast and, in 2011, WSG also began direct internet sales to consumers. WSG's common shares are publicly traded and WSG has a December 31 year-end. WSG has historically received an unqualified opinion from its audit firm.

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