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13. The Journal Entry to record Inventory purchases and related accounts payables should be recorded when the inventory is received regardless of when the vendor

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13. The Journal Entry to record Inventory purchases and related accounts payables should be recorded when the inventory is received regardless of when the vendor invoice is received. True False 14. Reviewing cash disbursements recorded subsequent to the balance sheet date to determine whether the related payables apply to the prior period is a procedure that tests primarily which assertion: Accuracy/Valuation Completeness/Cutoff Existence/Occurrence Rights/Obligation

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