reserves

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reserves

[ri′zərvz]
(mining engineering)
The quantity of workable mineral or of gas or oil which is calculated to lie within given boundaries.
References in periodicals archive ?
0 million to increase the allowance for doubtful accounts, adjusted operating profit in this business was $55.
Aside from the incremental increase to the allowance for doubtful accounts, operating profit margins in the fourth quarter were relatively consistent with those in the third quarter of 2007.
Change in method of determining the NAE-eligible amount: The revenue procedure states that a change to a taxpayer's method for determining the portion of its applicable financial statement allowance for doubtful accounts that is attributable to current-year NAE-eligible accounts receivable is a change in method of accounting.
In general, this new safe harbor allows taxpayers to compute uncollectible revenues as 95% of their allowance for doubtful accounts related to receivables generated in the current year.
to describe three simple techniques for assessing past estimates of the allowance for doubtful accounts.
Technique 2: Compare beginning allowance for doubtful accounts (BADA) to write-offs (WO).
The mean can be compared to the benchmark figure of one to two years to determine whether a firm's allowance for doubtful accounts balance is reasonable in relation to subsequent write-offs.
3 million for reversal of allowance for doubtful accounts.
During the first quarter of 2012, the Company collected $140 million of $154 million accounts receivable, net of allowance for doubtful accounts at the end of the year of 2011.
8 million in the fourth quarter of 2007, which also includes the special items discussed below as well as the previously mentioned incremental charge related to the allowance for doubtful accounts.
Financial results for the year ended December 31, 2008, as compared with the full year 2007, including restructuring and related charges, and other special items as described below, as well as the incremental charge in the 2007 fourth quarter to increase the Company's allowance for doubtful accounts of $94 million pretax ($60.
For the three months ended March 31, 2009, there was a net loss of $(284,967) compared to a loss of $(4,194) in the corresponding quarter in 2008 due primarily to the one time charge of $296,000 representing an increase in the allowance for doubtful accounts as noted above.