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- Mar 24, 2016
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Hi
I really need your help on this.
Our customer filed bankruptcy and we have uncorrectable sales amount of 15k. There is about 12k that we spent for our lawyer to get the 15k
At the end we received about $800.00 that they called dividend. But we were unsuccessful to get our 15k from the bankrupted customer.
The question is that this $800.00 goes to “other income” ? Or can we reduce our expense to the lawyer ? What is the correct recognition?
Appreciate your help on this.
thank you,
Alex
I really need your help on this.
Our customer filed bankruptcy and we have uncorrectable sales amount of 15k. There is about 12k that we spent for our lawyer to get the 15k
At the end we received about $800.00 that they called dividend. But we were unsuccessful to get our 15k from the bankrupted customer.
The question is that this $800.00 goes to “other income” ? Or can we reduce our expense to the lawyer ? What is the correct recognition?
Appreciate your help on this.
thank you,
Alex