Ask Experts Questions for FREE Help !
Ask
    rcpackard's Avatar
    rcpackard Posts: 2, Reputation: 1
    New Member
    		  
    #1

    May 5, 2008, 12:59 PM
    Lowering the estimate for doubtful accounts.
    What effect does lowering the estimate for doubtful accounts have on the income statement and balance sheet?
    delite's Avatar
    delite Posts: 202, Reputation: 3
    Full Member
    		  
    #2

    May 5, 2008, 09:01 PM
    If you lower reserve requiremnt for doubtful accounts, you are in essence raising yearnings by such reductions
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Estimate for doubtful accounts [ 1 Answers ]

What effect does lowering the estimate for doubtful accounts have on the income statement and/or balance sheet?

Doubtful Accounts [ 1 Answers ]

What effect does lowering the estimate for doubtful accounts have on the income statement and balance sheet?

Effects of lowering the estimate for doubtful acconts [ 1 Answers ]

What effect does lowering the estimate for doubtful accounts have on an income statement and balance sheet?

Doubtful Accounts [ 1 Answers ]

What effect does lowering the estimate for doubtful accounts have on the income statement and Balance Sheet. Do you think recommendation to adjust allowance for doubt is within her right as a manager, or do you think this action is ethic's violation?

Accounting - Estimate of doubtful accounts [ 2 Answers ]

Someone is the manager of a medium size company. A few years ago, the manager persuaded the owner to base a part of her compensation on the net income the company earns each year. Each December she estimates year-end financial figures in anticipation of the bonus she will receive. If the bonus is...

View more questions Search