Huntington Bancshares Incorporated (NASDAQ:HBAN) recently acquired the Ohio-based FirstMerit Corp., further increasing Huntington’s market share across eight states in the Midwest: Ohio, Pennsylvania, West Virginia, Kentucky, Indiana, Michigan, Wisconsin, and Illinois. It is now the 33rd largest bank holding company in the United States, according to the Federal Deposit Insurance Corporation (FDIC) as of the […]
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Tag Archives: allowance for doubtful accounts
What does Best Buy’s Form 10-K disclose about its receivables?
October 4, 2016 
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Best Buy Co., Inc. (BBY), the consumer electronics company, has a fiscal year ending on the Saturday nearest the end of each January. Since Best Buy is publicly-held, it files a Form 10-K with the Securities and Exchange Commission each year. To follow are Best Buy’s condensed and adapted balance sheets for the most recent […]
Continue readingWhat does Coca-Cola’s Form 10-k communicate about its accounts receivable?
March 20, 2015 0 Comments
The Coca-Cola Company (KO), like other U.S. publicly-held companies, files its financial statements in an annual filing called a Form 10-K with the Securities & Exchange Commission (SEC). Coca-Cola has several assets that are listed on its balance sheet. Let’s look at what is reported on Coca-Cola’s Form 10-K regarding its accounts receivable. See the […]
Continue readingIf Quiznos’ debts are discharged in bankruptcy, how do its creditors account for the effect of the bankruptcy?
June 2, 2014 0 Comments
The sandwich chain Quiznos has filed for Chapter 11 bankruptcy protection, which will allow it to continue operating while it works out a debt-restructuring plan with creditors. Senior lenders would receive equity in exchange for the debt. On the other hand, some junior creditors may not get paid the monies due to them from Quiznos. […]
Continue readingWhen does Ford Credit recognize bad debt expense associated with a new car loan?
December 17, 2013 0 Comments
Every individual has a credit score, which is an approximate measure of the risk of loan default to potential lenders. Credit scores range from about 300 – 850, with 850 being the best credit score possible. This credit score is a combination of several categories of history about the individual, including length of credit history, […]
Continue readingWhat are “loan reserves” at Bank of America?
November 21, 2013 0 Comments
According to a recent Wall Street Journal article (“Big Banks Are Adding Profits With ‘Reserve’ Cash, October 25, 2013” , Bank of America has indicated that its credit quality has increased since the financial crisis of 2008, due both to increased loan standards and rising house prices. Bank of America released $1.4 billion of loan reserves […]
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