The examples below further explain how a company writes off bad debt and how these accounts impact each other. The discussion also examines the impact of writing off bad debts on the income statement, balance sheet, and statement of changes in financial position.
Prothrombin is a protein in the blood that is required for the blood to clot. It is also called factor II. Blood clots are composed of a combination of blood platelets and a meshwork of the blood clotting protein fibrin. Prothrombin is a blood clotting protein that is needed to form fibrin.
SOX2: Embryo Gene Linked to Lethal Lung Cancer. Scientists have discovered genetic mutations linked to small cell lung cancer (SCLC). Among the genetic alterations identified was an increase in the number of copies (amplification) of a gene called SOX2. This gene is a TARGET for new treatments.