A few of the reasons accounts are placed in uncollectible
The cumulative amount of uncollectible
premiums totals about 11 trillion yen since the adoption in fiscal 1986 of the current basic pension system covering all public pension programs.
3 of 1 percent of check sales, and payment by check accounts for half the total sales, only one out of every 600 customers will write an uncollectible
check (and three fourths of these people will pay for their check if a good verification system is used).
Accordingly, it must report the amounts attributable to the allowance for uncollectible
accounts receivable on line 32 (Bad debt expense), and must separately state and adequately disclose the amounts attributable to the reserve for pending litigation and the warranty reserve on line 35 (Other expense/deduction items with differences).
The amount of uncollectible
loans was fixed as the collapsed major brokerage's bankruptcy procedure was completed in January.
1 billion yen as long-loss provisions and the amount will be deducted from the central bank's contributions to the government to settle the loan issue when the uncollectible
portion of the loans is confirmed.
448(d)(5) temporary regulations as a way to compute bad-debt experience, but was replaced in the amended temporary regulations with the generally less favorable six-year moving-average method (which requires a taxpayer to use total sales versus year-end accounts receivable in determining its uncollectible
It is not the role of the central bank to cover losses in such cases as clearly uncollectible
ones," it said.
the excess of the new debt's issue price over the original debt's adjusted issue price) is attributable, in part, to the fact that the taxpayer previously claimed a deduction for partial worthlessness (thus reducing its basis in the debt), and the modification does not alter the fact that a portion of the debt remains uncollectible
Relative to 1991 and 1993, survey respondents are more likely to reserve for uncollectible
accounts, however, they are tending to reserve less as a percentage of receivables.