(Answered) Hey would you be able to explain this to me our receivables

Accounting

Hey, would you be able to explain this to me? "Our receivables are mainly comprised of receivables for product and equipment sales to and royalties from our licensees, as well as receivables from our CPG and food service business customers. Our allowance for doubtful accounts is calculated based on historical experience, customer credit risk and application of the specific identification method."

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