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Which of the following statements about a competitive inhibitor is correct?
Allowance for Doubtful Accounts
A contra-asset account that estimates the portion of accounts receivable which may not be collectible.
Adjusted
Changed or modified to reflect a more accurate valuation or account of a particular item or financial record.
Accounting Period
The span of time at the end of which a company or organization reports its financial performance and position; typically monthly, quarterly, or annually.
Net Realizable Value
The estimated selling price of goods, minus the costs of their completion and the costs necessary to make the sale.
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