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For each of the following, explain which balance would have a higher level of inherent risk and explain your answer including which assertion is impacted.

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For each of the following, explain which balance would have a higher level of inherent risk and explain your answer including which assertion is impacted. Accounts Payable or Accounts Receivable Account: Explanation: Assertion: Inventory or Share Capital Account: Explanation: Assertion: Property, Plant and Equipment or Cash (AUD) Account: Explanation: Assertion

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