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Schedule II - Analysis of Valuation and Qualifying Accounts
 12 Months Ended
Nov. 27, 2021
Notes to Financial Statements  
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

Bassett Furniture Industries, Incorporated

 

Schedule  II

 

Analysis of Valuation and Qualifying Accounts

For the Years Ended November 27, 2021, November 28, 2020 and November 30, 2019

(amounts in thousands)

 

  

Balance

Beginning of

Period

  

Additions

Charged to

Cost and

Expenses

  

Deductions

(1)

  

Other

  

Balance End

of Period

 

For the Year Ended November 30, 2019:

                    

Reserve deducted from assets to which it applies

                    
                     

Allowance for doubtful accounts

 $754  $61  $-  $-(2) $815 
                     

Notes receivable valuation reserves

 $377  $-  $(18) $-  $359 
                     
                     

For the Year Ended November 28, 2020:

                    

Reserve deducted from assets to which it applies

                    
                     

Allowance for doubtful accounts

 $815  $492  $(96)    $1,211 
                     

Notes receivable valuation reserves

 $359  $-  $-  $-  $359 
                     
                     

For the Year Ended November 27, 2021:

                    

Reserve deducted from assets to which it applies

                    
                     

Allowance for doubtful accounts

 $1,211  $(156) $(259) $-  $796 
                     

Notes receivable valuation reserves

 $359  $-  $-  $-  $359 

 

(1)

Deductions are for the purpose for which the reserve was created.

(2)

Represents reserves of acquired business at date of acquisition.