Using Kellogg Companys accounts receivable disclosures from Exhibit 9.11 in the text and the following information, answer
Question:
a. How is the carrying value of accounts receivable determined?
b. What factors influence managements judgment in its estimate of the amount of collectible receivables?
c. What is the percent of trade receivables to total assets at the end of 2013 and 2012?
d. What is the percent of the allowance for uncollectible accounts to total trade receivables in 2013 and 2012?
e. What is the percent of bad debt expense to net sales in 2013 and 2012?
f. What were Kelloggs write- offs of accounts receivable in 2013 and 2012?
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Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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