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The CECL model: Recognizes bad debts when it is probable that an economic sacrifice has...

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Accounting

The CECL model:
Recognizes bad debts when it is probable that an economic sacrifice has occurred.
Allows a company to use an accounts receivable aging as part of its methodology for estimating credit losses.
Is a good example of an income-statement approach to estimating bad debts.
Considers historical experience but not forecasts of the future.
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