Paul, the CEO of Letni, notices that accounts written off over the past three years have been minimal and, therefore, suggests that no allowance for uncollectible accounts be established in the current year. Any account proving
uncollectible can be charged to next year's financial statements (the direct write-off method).
2. Suppose that other companies in these industries have had similar increasing trends in accounts receivable aging. These company’s also had very successful collections in the past but now estimate i collectible accounts to be 15% because of the significant downturn in the industries. If Letni uses the allowance method estimated at 15% of accounts receivable, what should be the balance of Allowance for Uncollectible Accounts at the end of the current year?

answer; (inseparability);

answer///the madrid protocol;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.