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# 3 An example of an error would be:a Counting an inventory item twice when taking a physical inventory.b Receiving kickbacks in exchange for issuing

#3 An example of an error would be:a Counting an inventory item twice when taking a physical inventory.b Receiving kickbacks in exchange for issuing a purchase order to a vendor.c Holding back invoices so that accounts payable are understated.d Purchasing inventory from a related party.

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