Business, 16.10.2019 22:00 postorivofarms

Afootnote to the financial statements disclosed that uncollectible accounts amounting to $156,000 and $96,000 were written off as bad debts during year 2 and year 1, respectively. assume that the tax rate for cvs was 21 percent. required: 1. determine the bad debt expense for year 2 based on the preceding facts. (hint: use the allowance for doubtful accounts t-account to solve for the missing value.) (enter your answers in thousands not in dollars.) 2. working capital is defined as current assets minus current liabilities. would the working capital be affected by the write-off of an uncollectible account

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Afootnote to the financial statements disclosed that uncollectible accounts amounting to $156,000 an...

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