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In which of the following scenarios when testing the rights assertion is the auditor likely to conclude that the cash in question should be classified
In which of the following scenarios when testing the rights assertion is the auditor likely to conclude that the cash in question should be classified as being restricted with the appropriate disclosure in the financial statements? Group of answer choices A loan agreement specifies that the company cannot use the cash in the account being audited until it pays off the loan An investor who provided the cash to the company specified that this cash can be used only for research and development activities Both A & B None of these
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