Domestic Engines Â». General Motors / Chrysler / Ford. Factory remanufactured with strict remanufacturing standards, the latest engineering updates performed and factory faults corrected.
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Accounts receivable are reported as current assets on the balance sheet as follows. The Christopher Corporation's balance sheet shows accounts receivable of $67,000 and a $17,000 allowance for uncollectible accounts. The accounts receivable balance means the company's customers owe it $67,000. The allowance for uncollectible accounts balance means the company expects to be unable to collect $17,000 from its customers. As a result, the company expects to be able to collect $50,000 ($67,000 - $17,000) from its customers.