Business, 26.03.2020 23:38 cylertroutner
The annual report for Sears Holdings Corporation contained the following information: (in millions) 2016 2015 Accounts Receivable $ 455 $ 455 Allowance for Doubtful Accounts 35 25 Accounts Receivable, Net $ 420 $ 430 Assume that accounts receivable write-offs amounted to $1 during 2016 and $9 during 2015 and that Sears did not record any recoveries. Required: Determine the Bad Debt Expense for 2016 based on the above facts. (Enter your answer in millions.)
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The annual report for Sears Holdings Corporation contained the following information: (in millions)...
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