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In Peter Singer's view, sentient beings with comparable interests
Income Statement
A summary of the revenue and expenses for a specific period of time, such as a month or a year.
Contra Asset
An account on a company's balance sheet that reduces the total amount of the asset accounts, often used to account for depreciation or allowances for bad debts.
Uncollectible Receivables
Financial claims that are recognised as losses because they cannot be collected, typically due to debtor default.
Allowance for Doubtful Accounts
A contra-asset account used to estimate the portion of a company's accounts receivable that may not be collected.
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