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Lilia Hussey made two statements to Sami Moneymaker about cut-off procedures:(i)Testing cut-off transactions is particularly important for transactions close to year end.(ii)Cut-off procedures help determine

Lilia Hussey made two statements to Sami Moneymaker about cut-off procedures:(i)Testing cut-off transactions is particularly important for transactions close to year end.(ii)Cut-off procedures help determine whether transactions have been recorded in the correct accounting period.Which of these statements were true?

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