Examlex
Match the following terms to their correct definition:
-name given to the investee when an investor owns more than 50% of the investee's outstanding common shares
Direct Write-off
An accounting method where uncollectible accounts receivable are written off directly against income at the time they are deemed irrecoverable.
Net Realizable Value
The estimated selling price of an item of inventory less any direct costs of disposal, such as sales commissions.
Allowance for Doubtful Accounts
A contra-asset account representing estimated uncollectible accounts receivable due to the customer's inability to pay.
Accounts Receivable
Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.
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