Chapter 9, Problem 9.1TIATC

To determine

Sears Holdings Corporation, the parent of Kmart Holding Corporation operates in Unites States via sears.com and kmart.com.

Account Receivables is the negotiable instrument which shows the collectables from the debtors. It is represented by the assets side in the balance sheet.

The requirements of the questions relating to Accounts Receivables by studying the Annual Report.

To determine

Requirement 1:

the financial statement which contains Accounts Receivable.

To determine

Requirement 2:

the balances as on 30^th Jan 2016 and on 31^st Jan 2015.

To determine

Requirement 3:

the amount of allowance for doubtful accounts as on 30^th Jan 2016 and on 31^st Jan 2015.

To determine

Requirement 4:

the gross amount of account receivables as on 30^th Jan 2016 and on 31^st Jan 2015.

To determine

Requirement 5:

To Show A T-account details determining changes in allowance for doubtful accounts by studying/reviewing the Schedule II- Valuation and Qualifying Accounts.