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Not all A/R is collectable. that means we must impair it by the bad debt trend to arrive at the impaired Á/R balance BEFOREW calculating the liquidity rations. (A) Should each of these be impaired? (B) What would be your approach to impairing the following CAs? (C)What would you base your process on and

Not all A/R is collectable. that means we must impair it by the bad debt trend to arrive at the impaired Á/R balance BEFOREW calculating the liquidity rations. (A) Should each of these be impaired? (B) What would be your approach to impairing the following CAs? (C)What would you base your process on and

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Not all A/R is collectable. that means we must impair it by the bad debt trend to arrive at the impaired A/R balance BEFOREW calculating the liquidity rations. (A) Should each of these be impaired? (B) What would be your approach to impairing the following CAs? (C)What would you base your process on and why? 1. Cash 2. Marketable Securities 3. Inventories 4. Pre-Pays
Transcribed Image Text:Not all A/R is collectable. that means we must impair it by the bad debt trend to arrive at the impaired A/R balance BEFOREW calculating the liquidity rations. (A) Should each of these be impaired? (B) What would be your approach to impairing the following CAs? (C)What would you base your process on and why? 1. Cash 2. Marketable Securities 3. Inventories 4. Pre-Pays
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