Question: Question 7 Allowances In this question, we will examine financial information from Nvidia Corporation. Find Nvidia's most recent financial statements as of January 31, 2021.

 Question 7 Allowances In this question, we will examine financial information

Question 7 Allowances In this question, we will examine financial information from Nvidia Corporation. Find Nvidia's most recent financial statements as of January 31, 2021. (1) How much is Nvidias revenue for fiscal 2021 on its statement of income? (2) Your answer to (1) is net of contra revenue accounts. From Schedule II in page 78, find out how much reduction to gross revenue occurred to due sales returns in fiscal 2021. (3) How much sales return did Nvidia actually issue during fiscal 2021? (4) How much is Nvidia's accounts receivable as of January 31, 2021 on its balance sheet? (5) According to Schedule II in page 78, what proportion of gross accounts receivable does Nvidia expect to be uncollectible? (6) From Schedule II, is there any evidence that Nvidia actually determined that a specific account receivable is definitively uncollectible during fiscal 2021? Question 7 Allowances In this question, we will examine financial information from Nvidia Corporation. Find Nvidia's most recent financial statements as of January 31, 2021. (1) How much is Nvidias revenue for fiscal 2021 on its statement of income? (2) Your answer to (1) is net of contra revenue accounts. From Schedule II in page 78, find out how much reduction to gross revenue occurred to due sales returns in fiscal 2021. (3) How much sales return did Nvidia actually issue during fiscal 2021? (4) How much is Nvidia's accounts receivable as of January 31, 2021 on its balance sheet? (5) According to Schedule II in page 78, what proportion of gross accounts receivable does Nvidia expect to be uncollectible? (6) From Schedule II, is there any evidence that Nvidia actually determined that a specific account receivable is definitively uncollectible during fiscal 2021

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