Year-end level for trade receivables from the federal government is calculated as a fraction of total trade receivables. Total trade receivables is calculated from the SOI, Corporation Income Tax Returns, Returns of Active Corporations, Table 6 - Balance Sheet, Income Statement, Tax, and Other Selected Items, by Major Industry, excluding the industries of manufacturing, finance and insurance, management of companies, and unpublished detail on equity REITs, line Notes and accounts receivable less Allowance for bad debts; plus from the QFR, Table 1.1 - Balance Sheet for Corporations in the NAICS Manufacturing Sector, All Total Asset Sizes, line Trade accounts and trade notes receivable (less allowance for doubtful accounts); less 2 percent to remove trade receivables of financial subsidiaries. The fraction of total trade receivables that are from the federal government is calculated from the QFR, Table 70.1 - Balance Sheet for Corporations in the NAICS Manufacturing Sector, Total Assets $25 Million and Over, Trade receivables from the U.S. Goverment, divided by Table 1.1 - Balance Sheet for Corporations in the NAICS Manufacturing Sector, All Total Asset Sizes, line Trade accounts and trade notes receivable (less allowance for doubtful accounts). Levels for other quarters, including year-end quarters after the latest issue of the SOI, are calculated from the QFR, table 1.1, line Trade accounts and trade notes receivable (less allowance for doubtful accounts), multiplied by the ratio of the most recent SOI benchmark for Notes and accounts receivable less Allowance for bad debts to the QFR Trade accounts and trade notes receivable (less allowance for doubtful accounts), less the 2 percent adjustment to remove trade receivables of financial subsidiaries, and multiplied by the fraction of trade receivables from the federal government to total trade receivables described above. Unadjusted flow is the change in the level; seasonally adjusted flow is obtained using X-12-ARIMA procedure.
