|
|
 | | | |
- close
- close
- close
- close
| |||||||||
This excerpt taken from the VLG 10-K filed Sep 28, 2006. Trade
Receivables
Valley makes estimates of the collectability of its trade
receivables. Management has established an allowance for
doubtful accounts to adjust the carrying value of trade
receivables to fair value based on an estimate of the amount of
trade receivables that are deemed uncollectible. The allowance
for doubtful accounts is determined based on historical
experience, economic trends and management’s knowledge of
significant accounts.
Table of Contents
The roll-forward of the allowance for doubtful accounts for the
years ended June 30 was as follows:
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||
