Kinder Surprise eggs, an Italian brand of egg-shaped chocolate candies containing a toy surprise inside, have been banned in the States since long before they were first manufactured in the early '70s. That's because the US has had a ban on candies with embedded toys since 1938.
(A) As used in this section, bad debt means any debt that has become worthless or uncollectible in the time period between a vendor's preceding return and the present return, has been uncollected for at least six months, and that may be claimed as a deduction pursuant to the Internal Revenue Code of 1954, 68A Stat.A) As used in this section, bad debt means any debt that has become worthless or uncollectible in the time period between a vendor's preceding return and the present return, has been uncollected for at least six months, and that may be claimed as a deduction pursuant to the Internal Revenue Code of 1954, 68A Stat.
Bad debts appear as an expense on the company's income statement, thus reducing net income. In general, companies make an estimate of bad debt expenses that might be incurred in the current time period based on past records as part of the process of estimating earnings. Most companies make a bad debt allowance since it is unlikely that all of their debtors will pay them in full. Use bad debt in a sentence.