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When preparing its financial statements, if a business under-estimates the allowances for trade receivables, it would be: a. understating its performance as well as its

When preparing its financial statements, if a business under-estimates the allowances for trade receivables, it would be:

a. understating its performance as well as its assets

b. overstating its performance as well as its assets

c. overstating its performance and understating its assets

d. understating its performance and overstating its assets

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