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Problem Solving Survival Guide to accompany Financial Accounting, 8th Edition by Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt

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SOLUTION TO EXERCISE 8-7

  1. Receivables
  2. Accounts receivable
  3. Notes receivable
  4. Other receivables
  5. Aging the accounts receivable
  6. Percentage-of-receivables basis
  7. Percentage-of-sales basis
  8. Cash (net) realizable value
  9. Promissory note
  10. Maker
  11. Payee
  12. Dishonored note
  13. Factor
  14. Trade receivables
  15. Accounts receivable turnover ratio
  16. Average collection period
  17. Bad Debt Expense
  18. Direct write-off method
  19. Allowance method
  20. Allowance for Doubtful Accounts

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