Unformatted text preview: 3. A large part of income comes from an increase in net accounts receivable (1,783). Is this due to lowering bad debt estimates? Are these receivables good quality or are they more likely to default? Are customers taking longer to pay because they have credit problems? 4. A large part of income comes from reducing deferred (unearned) revenue (that is, sales made in earlier periods but recognized in the current period), not from current sales. 5. There has been a reduction in accrued expenses. Is the firm underestimating their expenses?...
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- Spring '10
- Net Income, Generally Accepted Accounting Principles, $400 million, $2,562 410 632 125, $4,782 467