Exercise $2$: Assume that an organization$$s management asserts that it has $$35$ million in net accounts receivable. Describe below specifically what management is asserting with respect to net accounts receivable. $($Note: Your description should include the following $3$ components:

$(1)$ the $5$ PCAOB financial statement assertion labels,

$(2)$ a general description for each of the $5$ PCAOB financial statement assertions that applies to all financial statement line items, and

$(3)$ the assertion description specific to the net accounts receivable financial statement line item.$)$