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Which of the following is not considered part of the GI tract?
Allowance for Doubtful Accounts
A contra-asset account used to estimate the portion of a company's receivables that may ultimately not be collected.
Net Realizable Value
The estimated selling price of goods, minus the costs of their sale or disposal.
Write Off
The process of recognizing that a portion of a company's assets has become worthless and expensing them to the income statement.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or within the operating cycle of a business, whichever is longer.
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