Credit managers don't like to offer them, customers don't like to sign them and many a CFO view them with such skepticism they force the controller to accrue note balances in the reserve for bad debt
Moreover, certain of the Company's officers and directors purportedly failed to adequately reserve for bad debt
expense, which increased from $4.
Based on fourth quarter trends and continuing uncertainty regarding the overall economic environment, the company increased its reserve for bad debt
by $20 million in the quarter.
The reserve for bad debt
increased $351,385 representing 25% of the $1,405,538 due the Company's general agency subsidiary from a recently appointed agent of the Company.
0 million increase in reserve for bad debt
expense due to of the impact of adverse global economic conditions on customer collections.
Additionally, BHS recorded approximately $1 million of expenses consisting of a one-time adjustment for accounts receivable and a reserve for bad debt
We are pleased to offer our comprehensive solution to help optimize self-pay collections and accurately reserve for bad debt
Reflecting the reserve for bad debt
, net loss for the first six months of 2002 was $1.
Also, in response to the global slowdown in capital spending on telecommunications equipment, the Company increased its reserve for bad debt
94 million as well as a reserve for bad debt
Pro forma loss before acquisition-related and non-cash compensation charges, but including a reserve for bad debt
Delta must also establish and maintain a reserve for bad debts