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What about future financial statements

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Question - Under Armour Inc. reported Accounts receivable, net, of $96.0 million in 2019 and an allowance for doubtful accounts of $4.0 million. The Company states that their policy for bad debt expense is estimated to be 4% of accounts receivable. After recording a material impairment expense for the Company's international operations, Net income in 2019 was $0.4 million. If the Company's managers had purposely underestimated the allowance for doubtful accounts by half a percentage point, how would the 2019 income statement be affected? What about future financial statements?

Reference no: EM133073565

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