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Question - Tiberius, Inc. provided the following aging of its receivables at December 31.
Age of Accounts
Receivables Balance
Estimated % Uncollectible
0-30 days
$184,000
0.4%
31 to 60 day
96,000
2.4%
61 to 90 days
34,000
6.0%
91 to 120 days
21,000
9.1%
Over 121 days
11,000
51.4%
Total
$346,000
During the year, $12,512 of receivables were written off. The balance at the beginning of the year in the allowance account was $12,000.
Required -
a. How much will Tiberius report as bad debts expense for the year?
b. How much is the net value of Tiberius's receivables at year end?
In share-based compensation, who shall be included in determining total compensation expense? employees who left the company during the period
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