Problem 7-5 Receivables; bad debts and returns; Symantec [LO7-4, LO7-5] Symantec Corp.
Problem 7-5 Receivables; bad debts and returns; Symantec [LO7-4, LO7-5] Symantec Corp., located in Cupertino, California, is one of the world’s largest producers of security and systems management software. The company’s consolidated balance sheets for the 2009 and 2008 fiscal years included the following ($ in thousands): 20092008 Current assets: Receivables, less allowances of $21,611 in 2009 and $23,934 in 2008$837,810 $758,600 A disclosure note accompanying the financial statements […]