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Category > Business & Finance Posted 03 May 2017 My Price 5.00

ABC Inc.’s consolidated balance sheets

2.13.             Using the following amounts (in thousands) reported in ABC Inc.’s consolidated balance sheets and statements of income at December 31, 2012 and 2011, and the valuation sched- ule, analyze the accounts receivable and allowance accounts for all years.

 

 

 

2012

2011

Net Revenues

$395,684

$387,546

Accounts receivable, net of allowances for doubtful accounts of $1,206 in 2012 and $3,001 in 2011

 

$  93,233

 

$  89,135

 

 

Schedule II—Valuation and Qualifying Accounts Years Ended December 31, 2012 and 2011

 

 

Balance at Beginning of Period

Charged (Credited) to Expenses

 

 

Deductions

Balance at  End of Period

2012

Allowance for doubtful accounts

 

$3,001

 

$(890)

 

$(905)

 

$1,206

2011

Allowance for doubtful accounts

 

$2,658

 

$  798

 

$(455)

 

$3,001

2010

Allowance for doubtful accounts

 

$3,422

 

$(550)

 

$(214)

 

$2,658

 

 

Answers

Alpha Geek
(8)
Status NEW Posted 03 May 2017 09:05 AM My Price 5.00

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file 1493803959-answer1.docx preview (197 words )
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