Kimberly Greetings sells custom greeting cards to drugstores across the country. All sales are on credit, and

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Kimberly Greetings sells custom greeting cards to drugstores across the country. All sales are on credit, and payment is expected within 30 days of the order. The company provides an invoice with each delivery but does not send subsequent statements. The salespeople who call on the customers are allowed to collect any outstanding invoices.

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If the company started sending statements, would that affect the internal control over accounts receivable?

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Managerial Accounting A Focus on Ethical Decision Making

ISBN: 978-0324663853

5th edition

Authors: Steve Jackson, Roby Sawyers, Greg Jenkins

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