Question : 136. The following note disclosure taken from the 2016 annual report : 1412692

136.

The following note disclosure is taken from the 2016 annual report to shareholders of Winchester International Corporation.

NOTE 5: ALLOWANCE FOR LOAN LOSSES

The allowance for loan loss is maintained at a level to absorb probable losses inherent in the loan portfolio. This allowance is increased by provisions charged to operating expense and by recoveries on loans previously charged off, and reduced by charge-offs on loans.

The following is a summary of the changes in the allowances for loan losses for three years:

 

Winchester also reported (in thousands) in its comparative balance sheet that it held Loans receivable, net, of $6,869,911 and $6,819,209 at December 31, 2016, and December 31, 2015, respectively.

Is there any evidence in Winchester's disclosures above that are consistent with earnings management?

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137.

The following note disclosure is taken from the 2016 annual report to shareholders of Winchester International Corporation.

NOTE 5: ALLOWANCE FOR LOAN LOSSES

The allowance for loan loss is maintained at a level to absorb probable losses inherent in the loan portfolio. This allowance is increased by provisions charged to operating expense and by recoveries on loans previously charged off, and reduced by charge-offs on loans.

The following is a summary of the changes in the allowances for loan losses for three years:

 

Winchester also reported (in thousands) in its comparative balance sheet that it held Loans receivable, net, of $6,869,911 and $6,819,209 at December 31, 2016, and December 31, 2015, respectively.

For each posted entry in the Allowance account during 2016, indicate the remaining entry(ies) in other accounts.

138.

The following note disclosure is taken from the 2016 annual report to shareholders of Winchester International Corporation.

NOTE 5: ALLOWANCE FOR LOAN LOSSES

The allowance for loan loss is maintained at a level to absorb probable losses inherent in the loan portfolio. This allowance is increased by provisions charged to operating expense and by recoveries on loans previously charged off, and reduced by charge-offs on loans.

The following is a summary of the changes in the allowances for loan losses for three years:

 

Winchester also reported (in thousands) in its comparative balance sheet that it held Loans receivable, net, of $6,869,911 and $6,819,209 at December 31, 2016, and December 31, 2015, respectively.

If Winchester is using the balance sheet approach to determining loan losses and the Allowance account balance, what percentage did it use in 2016?

139.

The following information is taken from the 2013 annual report to shareholders of Hewlett-Packard (HP) Co.

 

What is the balance in HP's allowance for doubtful accounts at the end of the fiscal years 2013 and 2012, respectively?

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140.

The following information is taken from the 2013 annual report to shareholders of Hewlett-Packard (HP) Co.

 

What kind of account is the provision for doubtful accounts in HP's financial statements?

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