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Accounting > Allowance For Notes Receivable Losses

The following information is about Allowance For Notes Receivable Losses.

Allowance For Notes Receivable Losses Defined

is an account maintained at a level considered adequate to provide for probable losses. The provision is increased by amounts charged to earnings and reduced by net charge-offs. The level of allowance is based on management’s evaluation of the portfoliowhich takes into account prevailing and anticipated business and economic conditions and the net realizable value of securities held.

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Final Results for Taihua plc

Published June 29, 2009, 11:03 pm, Marketwire

Taihua plc ('Taihua', the 'Company' or, together with its subsidiary, the 'Group') Preliminary Results for the Twelve Months Ended 31 December 2008 CHAIRMAN'S STATEMENT As announced in our trading update of 18 February 2009, the combined effects of the global economic downturn and the Chinese Government's temporary ban on the production of traditional Chinese medicines (TCMs) had an unavoidable ...

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