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In which of the following instances is the teacher most likely to be held liable?
Accounts Receivable
Money owed to a business by its clients or customers for goods or services that have been delivered but not yet paid for.
Assigning
The process of allocating or designating resources, tasks, responsibilities, or rights to specific entities or persons within the context of business or legal proceedings.
Pledging
Pledging involves using assets as collateral to secure a loan or obligation, ensuring the lender or party has a claim to the asset if the borrower defaults.
Allowance for Doubtful Accounts
A contra-asset account that reduces the total accounts receivable on the balance sheet to reflect the amount that is expected to go uncollected.
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