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Author Question: The understatement of sales and accounts receivable is best uncovered by (Read 40 times)

billyboy7272

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on: Aug 21, 2022

Question 1

The net realizable value of accounts receivable is equal to:
◦ gross accounts receivable less allowance for uncollectible accounts.
◦ gross accounts receivable less bad debt expense.
◦ gross accounts receivable less returns and allowances.
◦ gross accounts receivable less sales discounts.

Question 2

The understatement of sales and accounts receivable is best uncovered by
◦ testing internal controls.
◦ testing the aged accounts receivable trial balance.
◦ substantive tests of transactions for shipments made but not recorded.
◦ substantive tests of transactions for bad debts.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by billyboy7272 on Aug 21, 2022

annaelena92

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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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billyboy7272

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

lkanara2

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Reply 3 on: Yesterday
Wow, this really help

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