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Art World Industries, Inc. was incorporated in 1986 in Delaware, although it is located in Los Angeles. The company prints, publishes and sells limited edition graphics and reproductive prints in the wholesale market. The company's balance sheet at the end of the recent year showed an allowance for doubtful; accounts of $175,477. The allowance was set up against certain Japanese accounts receivable that average more than one year in age. The Japanese acknowledge the amount due, but with the slow economy in Japan, they lack the resources' to pay at this time.

1) What are the implications for a company's receivable management of selling its products internationally?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9417878

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