Required information SB Problem The following information is taken from the 2015
ID: 2541418 • Letter: R
Question
Required information SB Problem The following information is taken from the 2015 annual report to shareholders of Hewlett-Packard (HP) Co. For Fiscal 2015 Fo Provision for doubtful accounts $ 46 million 25 million At Fiscal Year-end 2015 At Fiscal Year-end 2014 Accounts receivable, net Accounts receivable, gross 13,363 mi11ion 13,552 million 13,832 million 14,064 million Problem 7-153 What is the balance in HP's allowance for doubtful accounts at the end of the fiscal years 2015 and 2014, respectively? (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) For Fiscal 2015 For Fiscal 2014 Allowance for doubtful accounts million millionExplanation / Answer
$ 143 Millions
[($ 13,552 - $ 13,363) - $ 46)
$ 207 Millions
[($ 14,064 - $ 13,832) - $ 25)
,
For Fiscal 2015 For Fiscal 2014 Allowance for doubtful accounts$ 143 Millions
[($ 13,552 - $ 13,363) - $ 46)
$ 207 Millions
[($ 14,064 - $ 13,832) - $ 25)
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