Posted: August 28th, 2016

Balance at beginning of period?

Following is the current asset section from the ABC, Inc. balance sheet
As of December 31 ($000s) 2010 2009 2008
Cash and cash equivalents 313454 459871 396290
Accounts receivable (less allowances
for doubt accounts of $24,552, $25,850
and $26,481 respectively) 762895 624910 589416
Inventories—net 991577 889679 1009932
Prepaid expenses and other assets 87125 88364 73359
Deferred income statement 44627 42023 52556
Prepaid income taxes 38393 26668 22556
Total Current Assets 2238071 2131515 2144109
ABC, Inc. reports the following footnote relating to its receivables
As of December 31 ($000s) 2010 2009 2008
Balance at beginning of period 25850 26481 25830
Provision for uncollectable accounts 6718 10748 12924
Write–off of uncollectable accounts, less recoveries -8302 -12254 -11501
Foreign currency translation impact 286 875 -772
Balance at end of period 24552 25850 26481