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1. All receivables that are expected to be realized in cash within a year are reported in the __________ section of the balance sheet. current
1. All receivables that are expected to be realized in cash within a year are reported in the __________ section of the balance sheet.
current assets
investments
noncurrent assets
current liabilities
2. The allowance for doubtful accounts is reported as a(n) __________ on the balance sheet.
addition to accounts receivable
deduction from accounts receivable
addition to notes receivable
deduction from trading investments
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