Examlex
A(n) ________ is an existing condition, or situation, involving uncertainty as to possible gain or loss to an enterprise that will ultimately be resolved when one or more future events occur or fail to occur.
Net Amount
The remaining value after all deductions are made, such as for taxes or discounts.
Receivables
Funds that customers or clients owe to a business for products or services delivered on credit.
Estimated Bad Debts
The portion of accounts receivable that a company does not expect to collect.
Carrying Amount
The recorded cost of an asset in a company's financial statements, less any accumulated depreciation or amortization.
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