AETNA INC /PA/
At December 31,
Premiums receivable, net
Other receivables, net
Cash and ca
AC 201 Term Project
Interpreting Corporate Annual Reports
A corporations annual report is a primary vehicle for communicating information to its
interested external parties. As a business major, eventually you will use annual reports to make
Life of the organization
Type of Business
One (called the
Two or More (called
A business w/ a single
Number of owners
Personal liability of
DIRECT WRITE OFF METHOD
The direct write-off method of accounting for uncollectible receivables is primarily used by small,
non-public companies. Under the direct write-off method, accounts receivable are written off and
bad debts expense is recorded when
1. Discount-Mart issued ten thousand $1,000 bonds on January 1, 2016. The bonds have a 10-year term
and pay interest semiannually. This is the partial bond amortization schedule for the bonds.
Decrease in Balance
A loss contingency should be accrued in a company's financial statements only if the likelihood that a
liability has been incurred is:
At least remotely possible and the amount of the loss is known.
Reasonably possible and the amount of the loss is kno
Which category completely excludes equity securities?
Securities available for sale.
Beresford Inc. purchased several investment securities during 2015, its first year of operation