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4. All of the following statements concerning accounts payable confirmations are correct, except: A. Confirmations are typically used to ask the vendor to supply the
4. All of the following statements concerning accounts payable confirmations are correct, except:
A. Confirmations are typically used to ask the vendor to supply the balance owed by the entity
B. Positive confirmations are usually used for accounts payable transactions.
C. Confirmations used to audit accounts payable are also referred to as blank confirmations.
D. Negative confirmations are normally used more often than positive confirmations
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