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Financial Accounting: Tools for Business Decision Making, 7th Edition by Donald E. Kieso, Jerry J. Weygandt, Paul D. Kimmel

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CHAPTER 8

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REPORTING AND ANALYZING RECEIVABLES

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LEARNING OBJECTIVES

After studying this chapter, you should be able to:

  1. Identify the different types of receivables.
  2. Explain how accounts receivable are recognized in the accounts.
  3. Describe the methods used to account for bad debts.
  4. Compute the interest on notes receivable.
  5. Describe the entries to record the disposition of notes receivable.
  6. Explain the statement presentation of receivables.
  7. Describe the principles of sound accounts receivable management.
  8. Identify ratios to analyze a company's receivables.
  9. Describe methods to accelerate the receipt of cash from receivables.

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Feature Story

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WHAT’S COOKING?

What major U.S corporation got its start 38 years ago with a waffle iron? Hint: It doesn't sell food. Another hint: Swoosh. Another hint: “Just do it.” That's right, Nike. In 1971, Nike co-founder Bill Bowerman put a piece of rubber into a kitchen waffle iron, and the trademark waffle sole was born. It seems fair to say that at Nike, “They don't make 'em like they used to.”

Nike, was co-founded by Bowerman and Phil Knight, a member ...

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