Refer to Beatrice Equipment.
Assume that Beatrice Equipment estimates bad debts on an aging analysis, and the aging schedule indicates that
$28,000 of the December 31, 2014 accounts receivable will be uncollectible.
A What amount will Beatrice Equipment recognize as bad debts expense for 2014?
B How much is the net realizable value of the receivables to be reported on Beatrice
Equipment's balance sheet at December 31, 2014?
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