WMB » Topics » Accounts receivable

These excerpts taken from the WMB 10-K filed Feb 25, 2009.
Accounts receivable
 
Accounts receivable are carried on a gross basis, with no discounting, less the allowance for doubtful accounts. We estimate the allowance for doubtful accounts based on existing economic conditions, the financial conditions of the customers and the amount and age of past due accounts. Receivables are considered past due if full payment is not received by the contractual due date. Interest income related to past due accounts receivable is generally recognized at the time full payment is received or collectibility is assured. Past due accounts are generally written off against the allowance for doubtful accounts only after all collection attempts have been exhausted.
 
Accounts
receivable



 



Accounts receivable are carried on a gross basis, with no
discounting, less the allowance for doubtful accounts. We
estimate the allowance for doubtful accounts based on existing
economic conditions, the financial conditions of the customers
and the amount and age of past due accounts. Receivables are
considered past due if full payment is not received by the
contractual due date. Interest income related to past due
accounts receivable is generally recognized at the time full
payment is received or collectibility is assured. Past due
accounts are generally written off against the allowance for
doubtful accounts only after all collection attempts have been
exhausted.


 




These excerpts taken from the WMB 10-K filed Feb 26, 2008.
Accounts receivable
 
Accounts receivable are carried on a gross basis, with no discounting, less the allowance for doubtful accounts. We estimate the allowance for doubtful accounts based on existing economic conditions, the financial conditions of the customers and the amount and age of past due accounts. Receivables are considered past due if full payment is not received by the contractual due date. Interest income related to past due accounts receivable is generally recognized at the time full payment is received or collectibility is assured. Past due accounts are generally written off against the allowance for doubtful accounts only after all collection attempts have been exhausted.
 
Accounts
receivable



 



Accounts receivable are carried on a gross basis, with no
discounting, less the allowance for doubtful accounts. We
estimate the allowance for doubtful accounts based on existing
economic conditions, the financial conditions of the customers
and the amount and age of past due accounts. Receivables are
considered past due if full payment is not received by the
contractual due date. Interest income related to past due
accounts receivable is generally recognized at the time full
payment is received or collectibility is assured. Past due
accounts are generally written off against the allowance for
doubtful accounts only after all collection attempts have been
exhausted.


 




This excerpt taken from the WMB 10-K filed Feb 28, 2007.
Accounts receivable
 
Accounts receivable are carried on a gross basis, with no discounting, less the allowance for doubtful accounts. We estimate the allowance for doubtful accounts based on existing economic conditions, the financial conditions of


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Table of Contents

 
THE WILLIAMS COMPANIES, INC.
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

the customers and the amount and age of past due accounts. Receivables are considered past due if full payment is not received by the contractual due date. Interest income related to past due accounts receivable is generally recognized at the time full payment is received or collectibility is assured. Past due accounts are generally written off against the allowance for doubtful accounts only after all collection attempts have been exhausted.
 
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