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What method do you use to calculate bad debt expense

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Reference no: EM131787775

Let me know as many questions as possible based on the attachment like these examples as follows:

Please refer to JerryQuestions.docx, and not make the same questions like that I have come up with!

Accounts Receivable

How many new contracts does Hydromaint have?

To determine revenue, accounts receivable, and unearned revenue if applicable.

Supplies

Are any supplies unused at year-end?

GAAP requires supplies to be shown on the face of the balance sheet under current assets

Does Hydromaint plan to collect all accounts? If not, what method do you use to calculate bad debt expense?

To find the value of bad debt in accordance to ASC 310, which says bad debt must be disclosed on the financial statements for full disclosure.

Reference no: EM131787775

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