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The auditor selects a number of items from the January disbursements journal to tests for unrecorded liabilities. The client records a purchase based on the
The auditor selects a number of items from the January disbursements journal to tests for unrecorded liabilities. The client records a purchase based on the date goods are received. Which of the following results in an understatement of accounts payable? Included in 12/31 Shipped Received Accounts Payable? a. 12/26 12/30 No b. 12/29 1/3 Yes C. 12/30 1/3 No d. 12/29 12/30 Yes a. Ob. Od
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Introduction To Management Accounting
Authors: Charles T. Horngren, Gary Sundum, Gary L. Sundem
8th Edition
0134870751, 978-0134870755
