reserves

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Related to Allowance for Doubtful Accounts: Bad Debt Expense

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 ?
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.
Technique 2: Compare beginning allowance for doubtful accounts (BADA) to write-offs (WO).
Over the past several years, the allowance for doubtful accounts had increased significantly, from about $100,000 in 1997 (audited) to approximately $450,000 in 2000 (unaudited).
A description of the method the taxpayer uses to determine its allowance for doubtful accounts on its applicable financial statements before and after the change; and
The company added $6 million to the allowance for doubtful accounts in 2009.
Allowance for doubtful accounts in the second quarter of 2009 was $20.
During the first quarter of 2009, the Company reversed an allowance for doubtful accounts of $1.
1 million aftertax, or 50 cents per share), to increase the Company's allowance for doubtful accounts.
The company added $440 million to the allowance for doubtful accounts in 2008.
Third quarter results include the write off of consumer notes receivable in excess of 90 days delinquent and the increase in the allowance for doubtful accounts as a percentage of performing notes receivable and performing notes sold with recourse to reflect a reduction in expectations of collectability of delinquent and performing loans based on recent economic, financial and credit conditions.
Our third quarter 2008 general and administrative expenses included an allowance for doubtful accounts of $7.
The company believes, based on currently available information, that the impact of these errors on Carmichael's previously disclosed receivables balance as of April 22, 2008 will be to decrease the stated receivables balance on the books of the Carmichael subsidiary as of the acquisition date by at least $1,300,000 resulting from, among other things, increasing the allowance for doubtful accounts and recording certain customer credit adjustments and that such adjustments will also result in an adjustment to SunLink's allocation of the acquisition purchase price.