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Claus manages a large business unit in a global corporation. Recently, the business unit has experienced recruiting failures. Claus needs to change the long-standing recruiting process, although many staff will resist any changes, including Nick, a tremendous talent but a "loose cannon." Nick has been vocal in his criticism of the recruiting program. What is a covert tactic that Claus might successfully employ to change his recruiting program and gain the staff's acceptance of the changes?
Allowance for Doubtful Accounts
A contra-asset account that reduces the total accounts receivable on the balance sheet, accounting for estimated uncollectible debts.
Interest Income
The revenue earned from deposit accounts or investments through the receipt of interest payments.
Fair Value Option
An accounting strategy that allows companies to measure and report certain financial assets and liabilities at their fair values.
Long-term Notes Receivable
Loans or credit extended to others that are not expected to be repaid within the next twelve months, reported as long-term assets on the balance sheet.
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