Question: Assume that an organization asserts that it has $ 3 5 million in net accounts receivable. For which of the following is management correctly asserting

Assume that an organization asserts that it has $35 million in net accounts receivable. For which of the following is management correctly asserting with respect to net accounts receivable?a. There are no management assertions that the organization owns the receivables and that they have not been sold, pledged, etc.b. There are no presentation and disclosure assertions.c. There are no valuation or allocation assertions.d. The recorded accounts receivable exist at the balance sheet date and relate to valid sales.

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