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Consider the following comparison: Oil that is stored in a tank farm of 100 tanks that are 30ft high and 50ft in diameter vs Cash
Consider the following comparison: Oil that is stored in a tank farm of 100 tanks that are 30ft high and 50ft in diameter vs Cash that is deposited in 100 bank accounts If both are recorded in the clients books, which had the greater inherent risk regarding the existence assertion? Why?
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
