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QUESTION
On the balance sheet, short-term receivables are reported in the current asset section. Both the gross receivable and the allowance should be...
On the balance sheet, short-term receivables are reported in the current asset section. Both the gross receivable and the allowance should be reported. It a multiple-step income statement, Bad Debt is recorded as a selling expense in the operating expense section. Why is it important for users to have access to this data instead of just showing net receivables?
