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Author Question: You are reviewing sales to discover cutoff problems. If the client's policy is to record sales when ... (Read 61 times)

lauraleepop

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on: Aug 21, 2022

Question 1

Which of the following most likely would be detected by a review of a client's sales cutoff?
◦ excessive sales discounts
◦ unrecorded sales for the year
◦ unauthorized goods returned for credit
◦ lapping of year-end accounts receivable

Question 2

You are reviewing sales to discover cutoff problems. If the client's policy is to record sales when title to the merchandise passes to the buyer, then the books and records would contain errors if the December 31 entries were for sales recorded
◦ before the merchandise was shipped.
◦ at the time the merchandise was shipped.
◦ several days subsequent to shipment.
◦ at a time after the point at which title passed.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by lauraleepop on Aug 21, 2022

ahardin89

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lauraleepop

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Reply 2 on: Aug 21, 2022
Gracias!

Jossy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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