Examlex
In which form of business does CVS operate? List two places where this would be revealed in the financial statements.
Account Receivable
A claim against the customer created by selling merchandise or services on credit.
Reinstated
Restoring something to its previous state or position, often used in the context of employment, insurance, or legal status.
Direct Write-off
A method for recognizing bad debts, where uncollectible accounts receivable are directly written off against income at the time they are deemed noncollectible.
Allowance for Doubtful Accounts
A financial accounting provision estimating the portion of accounts receivable that may not be collectible.
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