Question : 141. The following information taken from the 2013 annual report to : 1412693

141.

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

	For Fiscal 2013	For Fiscal 2012
Provision for doubtful accounts	$ 23 million	$100 million
	At Fiscal Year-end 2013	At Fiscal Year-end 2012
Accounts receivable, net	15,876 million	16,407 million
Accounts receivable, gross	16,208 million	16,871 m

Using a T-account for the allowance for doubtful accounts, identify the changes in the account during fiscal year 2013.

142.

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

	For Fiscal 2013	For Fiscal 2012
Provision for doubtful accounts	$ 23 million	$100 million
	At Fiscal Year-end 2013	At Fiscal Year-end 2012
Accounts receivable, net	15,876 million	16,407 million
Accounts receivable, gross	16,208 million	16,871 m

How could a company with receivables like HP be able to manage earnings in applying generally accepted accounting principles?

143.

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

	For Fiscal 2013	For Fiscal 2012
Provision for doubtful accounts	$ 23 million	$100 million
	At Fiscal Year-end 2013	At Fiscal Year-end 2012
Accounts receivable, net	15,876 million	16,407 million
Accounts receivable, gross	16,208 million	16,871 m

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

144.

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

	For Fiscal 2013	For Fiscal 2012
Provision for doubtful accounts	$ 23 million	$100 million
	At Fiscal Year-end 2013	At Fiscal Year-end 2012
Accounts receivable, net	15,876 million	16,407 million
Accounts receivable, gross	16,208 million	16,871 m

If HP is using the balance sheet approach to determining bad debt expense, what percentage of year-end receivables did it use in 2013 and 2012, respectively?

145.

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

	For Fiscal 2013	For Fiscal 2012
Provision for doubtful accounts	$ 23 million	$100 million
	At Fiscal Year-end 2013	At Fiscal Year-end 2012
Accounts receivable, net	15,876 million	16,407 million
Accounts receivable, gross	16,208 million	16,871 m

For each posted entry in the allowance account during 2013, prepare the journal entry.

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Question : 141. The following information taken from the 2013 annual report to : 1412693

Solution 5 (1 Ratings )

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5 (1 Ratings )