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Author Question: Financial statement matters like estimates for the allowance for doubtful accounts and allowances ... (Read 315 times)

Labomba

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Question 1

Which of the following will generally be considered a significant risk?
◦ a sale to a customer
◦ the determination of the amount of bad debt expense
◦ the purchase of inventory
◦ obtaining a loan from the bank

Question 2

Financial statement matters like estimates for the allowance for doubtful accounts and allowances for slow-moving inventories, are deemed significant matters which should be addressed by auditor in their assessment of the risk of material misstatement.
◦ true
◦ false


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Marked as best answer by Labomba on Aug 21, 2022

fdsajkl

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Labomba

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Reply 2 on: Aug 21, 2022
Wow, this really help


kusterl

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Reply 3 on: Yesterday
Excellent

 

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