WEDC » Topics » Accounts Receivable and Allowance for Doubtful Accounts

These excerpts taken from the WEDC 10-K filed Dec 11, 2008.
Accounts Receivable and Allowance for Doubtful Accounts
 
We record trade accounts receivable at the invoiced amount and they do not bear interest. We maintain an allowance for doubtful accounts for estimated losses resulting from the inability of our customers to make required payments. We make these estimates based on an analysis of accounts receivable using available information on our customers’ financial status and payment histories. Historically, bad debt losses have not differed materially from


30


Table of Contents

our estimates. Continuing operation write-offs against the allowance were $0 in fiscal 2008, $1,000 in fiscal 2007 and $0 in fiscal 2006.
 
Accounts
Receivable and Allowance for Doubtful Accounts



 



We record trade accounts receivable at the invoiced amount and
they do not bear interest. We maintain an allowance for doubtful
accounts for estimated losses resulting from the inability of
our customers to make required payments. We make these estimates
based on an analysis of accounts receivable using available
information on our customers’ financial status and payment
histories. Historically, bad debt losses have not differed
materially from





30





Table of Contents






our estimates. Continuing operation write-offs against the
allowance were $0 in fiscal 2008, $1,000 in fiscal 2007 and $0
in fiscal 2006.


 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Dec 11, 2008

"Accounts Receivable and Allowance for Doubtful Accounts" elsewhere:

Amtech Systems (ASYS)
FormFactor (FORM)
Integrated Device Technology (IDTI)
Vital Images (VTAL)
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki