Based on the below 10-K filing, what amount (in $ million) of its accounts receivables...

50.1K

Verified Solution

Question

Accounting

Based on the below 10-K filing, what amount (in $ million) of its accounts receivables (both current and long-term) is estimated as uncollectible as of June 30,2021
As of June 30,2021 and 2020, other receivables due from suppliers were $965 million and $442 million, respectively, and are included in accounts receivable, net in our consolidated balance sheets. As of June 30,2021 and 2020, long-term accounts receivable, net of allowance for doubtful accounts, was $3.4 billion and $2.7 billion, respectively, and is included in other long-term assets in our consolidated balance sheets. The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. We determine the allowance based on known troubled accounts, historical experience, and other currently available evidence. 64 PART II Item 8 Activity in the allowance for doubtful accounts was as follows: (In millions) Year Ended June 30,202120202019 Balance, beginning of period $ 816 $ 434 $ 397 Charged to costs and other 234560153 Write-offs (252)(178)(116) Balance, end of period $ 798 $ 816 $ 434 Allowance for doubtful accounts included in our consolidated balance sheets: (In millions) June 30,202120202019 Accounts receivable, net of allowance for doubtful accounts $ 751 $ 788 $ 411 Other long-term assets 472823 Total $ 798 $ 816 $ 434

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