Define “accounts receivable.” 

 How is the “net realizable value” of accounts receivable determined? 


. Name three factors a company might consider when trying to determine the amount of accounts receivable that will be ultimately collected.


  What does the account “allowance for doubtful accounts” represent? 


. Define “contra account.

” . When is bad debt expense recorded?


 . Why do companies set up the allowance for doubtful accounts instead of just decreasing accounts receivable for any expected uncollectible balances?