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Which of the following statements is false?
90-Day Note
A short-term debt obligation that matures in 90 days.
Settle Account
The process of paying off or resolving a financial account or obligation.
Percent of Receivables Method
An accounting technique used to estimate the amount of a company's receivables that will not be collected.
Unadjusted Trial Balance
A financial report that lists all the accounts and their balances from the ledger before any adjusting entries are made, used to verify the equality of debits and credits.
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