Business, 06.08.2021 22:50, kaylagoof4140
The annual report for Fallon Holding Corporation contained the following information: (in millions)
2016 2015
Accounts Receivable $681 $743
Allowance for Doubtful Accounts 36 26
Accounts Receivable, Net $645 $717
Assume that accounts receivable write-offs amounted to $13 during 2016 and $3 during 2015, and that Fallon did not record any recoveries.
Required:
Determine the Bad Debt Expense for 2016 based on the above facts.
Answers: 1
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