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How much was the bad debt expense the year

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Let's suppose you own a company. On 12/31/2020, your customers collectively owed you $90 million. However, as you reported on the balance sheet, you were only expecting to collect $75 million in 2021, which implied an allowance of $90M - $75M, or $15 million as of 12/31/2020.

Problem 1: Given that the actual write-off was $6 million in 2020, how much was the bad debt expense this year?

Reference no: EM132992440

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