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Select a small business of your choice. Define the business and what they sell, provide, etc. Now assume you have just been hired as
Select a small business of your choice. Define the business and what they sell, provide, etc. Now assume you have just been hired as an accountant for this small business. You ran the month end balance sheet out of the accounting system and see the AR balance is quite large and there is no allowance account. How would you begin your review of AR? What steps would you take to analyze the balances? Use details specific to your business selected.
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