Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. assume that as of december 31, 2016 gen motors use

Assume that as of December 31, 2016 Gen Motors uses the A/R aging schedule method...

70.2K

Verified Solution

Question

Accounting

Assume that as of December 31, 2016 Gen Motors uses the A/R aging schedule method and estimates that its ending Allowance for Doubtful Accounts balance should be $882 millions. If its 2016 A/R write-offs are $350 millions and 2016 A/R recoveries are $200 millions. what amount of bad debt expense appears in Gen Motors 2016 income statement? Follow the same denomination as stated in the the instruction (e.g., if the instruction explicitly says that all numbers are in millions, do NOT write out the last six zeroes in the final answer).

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

Use tabulated electrode potentials to calculate ΔG∘ for the reaction 2K(s)+2H2O(l)→H2(g)+2OH−(aq)+2K+(aq)

Geometry
1.2K views

GEOMETRY Word problem i empty gas tank of umped into the tank

Statistics
1.2K views

accompanying data represent the miles per gallon of a random sample ee cylinder 1 0...

Accounting
1.2K views

your company recently issued bonds at a discount. you have been asked to prepare the...

Accounting
1.2K views

2021 Gaia Company repurchased hown stock at a cost of $...

Accounting
1.2K views

1). If you borrow $7,913 and are required to pay back the loan in five...

Accounting
1.2K views

Describe three primary ways of incorporating dividends into the binomial model

Accounting
1.2K views

On January 1, 2021, the general ledger of Parts Unlimited includes the following account balances:...

Accounting
1.2K views

Mochaccino Express Coffee Company roasts and packs coffee beans. The process begins by placing coffee...

Accounting
1.2K views

Question 2 Although Sahra now pays Stone & Co Accounting Specialists Pty Ltd to manage...

Finance
1.2K views

please treat this as Urgent I have few minutes for submission QUESTION...

Finance
1.2K views

Analyze the U.S. term structure of interest rates. Your answer should include a picture of...