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Multiple Choike $3$ points

Which of the following statement is false?

The net accounts recelvable reported in the current asset section of a company's balance sheet reprevents all accounts recelvables expected to be collected with the next year.

On the balanke sheet, the Allowance for Doubtful Account is added to Accounts Receivable account.

The balance in Allowance for Doubetul Accounts represents the amount a company Firiss it will not collect from a customer.

The allowance method of accounting estimates and records bad debt expense at the end of accounting period, even though it is not known which cuslomers' acoounts will be doubtful.

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