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1. What is the formula for the audit risk model? 2. Revenue and accounts receivable in a company that sells product should be recorded when:

1. What is the formula for the audit risk model?

2. Revenue and accounts receivable in a company that sells product should be recorded when:

only when items have been paid for

The customer's order is received

all supporting documentation of shipping is in complete and in order

All of the answers provided would result in revenue recognition and accounts receivable being recorded.

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