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FAR > Trade Receivables > Flashcards

Trade Receivables Flashcards

1
Q

The formula to calculate uncollectible accounts expense

A

B Beginning balance -allowance for uncollectible accounts
A Add uncollectible accounts expense
S Substract accounts written off
E = Ending balance

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2
Q

How to calculate the present value PV of a note receivable

A

Present value (PV) = Face value -unearned interest

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FAR (16 decks)

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