Examlex
Roughly how many incumbents win reelection in the House and Senate during a given election year? What explains their rate of success? Are the high rates of reelection a sign of a healthy democracy or not? Explain.
Uncollectible Accounts Receivable
Money owed to a company that it does not expect to collect due to the debtor's inability to pay.
Bad Debt Expense
This represents the amount of receivables a company believes it can no longer collect, reflecting potential losses for accounts receivable or loans that are not expected to be fully paid.
Allowance
A reduction from the gross amount of an asset to recognize a reduction in its value.
Bad Debt Expense
An expense reported on the income statement, representing the estimated amount of receivables that a company does not expect to collect.
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