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Halston Toy Manufacturing Co. introduced a number of new products in the last quarter of the year. The company has a liberal return policy allowing

Halston Toy Manufacturing Co. introduced a number of new products in the last quarter of the year. The company has a liberal return policy allowing retail customers to return products within 120 days of purchase. a.Describe the audit problem indicated by this scenario. b.List audit procedures that could be used to audit the allowance for sales return

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