12 Allowance for Doubtful Accounts
p. p. 114
12 Allowance for Doubtful Accounts The allowance for doubtful accounts is calculated and adjusted monthly to reflect the Company's best estimate of uncollectible receivables. Large industrial and commercial accounts are assessed for collec...
AI summary The Allowance for Doubtful Accounts is calculated monthly based on the company's estimate of uncollectible receivables. Large accounts are assessed individually, while others are evaluated using aged listings and historical data factors like age of outstanding amounts and recovery percentages.