Question

The 2019 Form 10-K of Oracle Corporation, for the May 31, 2019 year-end, included the following information relating to their allowance for doubtful accounts: Balance in allowance at the beginning of the year $370 million, accounts written off during the year of $188 million, balance in allowance at the end of the year $371 million. What did Oracle Corporation report as bad debt expense for the year

Answer 1

Answer: $189

Step-by-step explanation:

The amount that Oracle Corporation report as bad debt expense for the year will be calculated as:

Balance in allowance at the end of the year = $371

Add: Accounts written off during the year = $188

Less: Balance in allowance at the beginning of the year = ($370)

Bad debt = $189