Posted On: 02/12/2016 7:17:53 PM
Post# of 8802
benji...I took another look at the Income Statements and wondered where the Bad Debt exp was coming from. Is that an allowance for Bad Debt or Debt being written off? That number seems really high.
Hopefully this is just to clean up the Receivables and not a common occurrence. It also may explain why their financials look worse than we thought they would.
The good thing about cleaning up the AR is the annual loss will be substantially less going forward.
Hopefully this is just to clean up the Receivables and not a common occurrence. It also may explain why their financials look worse than we thought they would.
The good thing about cleaning up the AR is the annual loss will be substantially less going forward.
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