BDD Co. has a large balance of accounts receivable from many different customers, some of which are more than 60 days overdue. BDD management asserts that it will collect all the accounts eventually by applying pressure on the slow payers. For this reason, BDD’s management claims that it would be understating BDD’s assets if it were to set up a provision for bad debts. The assertion that may be materially misstated for BDD’s accounts receivable balance by this situation is

a. The completeness assertion.

b. The inherent risk assertion.

c. The existence/occurrence assertion.

d. The valuation assertion.

e. The recognition assertion