Business, 17.09.2019 23:00 KingJayDevil

Q4.26: douglas international consistently estimated its bad debt expense at 2 percent of credit sales. in 2017, however, douglas determines that it should revise downward the estimate of bad debts for the current year's credit sales to 1.5 percent. douglas uses the revised estimate of 1.5% and calculates bad debt expense of $420,000. how is the change in the estimated bad debt expense reported in douglas' 2017 financial statements?

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Q4.26: douglas international consistently estimated its bad debt expense at 2 percent of credit sal...