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Most companies prepare a classified Balance Sheet at each year-end where Current Assets, Non-current Assets, Current Liabilities and Long-term Liabilities are reported separately from one another.

The Allowance for Doubtful Accounts is a
Select Option Asset Contra-Asset LiabilityContra-Liability
account with a “normal”
Select Option debit credit
balance located in the
Select Option Current Assets Non-current Assets Current Liabilities Long-term Liabilities
section of a classified Balance Sheet.
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