Bad Debts & Other Reserves
{"Image DocumentName": "Bad Debts & Other Reserves", "Image ImageDescription": "Companies may have dozens or hundred of reserve accounts; an income smoothing ( cookie jar reserve ) issue. Allowance for doubtful accounts is the only reserve account likely to be disclosed (plus loan loss reserves for financial institutions) The allowance should be a reasonable percent of sales & expected to stay relatively constant. Doubtful accounts for the Dow 30 (24 disclosers) averaged 2% of receivables. Large drops in this percentage are a potential signal of Earnings Manipulation (e.g., GM & Ford in 2005)", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}