In auditing the Philbin Corporations repair expense account, Sara finds a $28,000 entry. Since the amount is

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In auditing the Philbin Corporation’s repair expense account, Sara finds a $28,000 entry. Since the amount is so large, she obtains supporting documentation. The invoice lists the Fradin Roofing Company as providing the service, but no description of the work the company performed is attached to the invoice. However, a notation on the check says ‘‘office roof.’’

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Concepts In Federal Taxation 2011

ISBN: 9780538467926

18th Edition

Authors: Kevin E. Murphy, Mark Higgins

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