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0– days
16—30 days
31—60 days
Over 60 days
What amount should be reported as allowance for sales discount?
a. 200,000
b. 100,000
c. 83,000
d. 50,000
Problem 11-21
At year end, ludicrous company reported accounts receivable of P6,000,000 and
allowance for doubtful accounts of P300,000 before year-end adjustment:
Outstanding accounts receivable probability of collection
The accounts which have been outstanding over 75 days and have zero probability of
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