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The following misstatements are found in the sales and collection cycles account balances: cash received from collections of accounts receivable in the subsequent period is
- The following misstatements are found in the sales and collection cycles account balances:
- cash received from collections of accounts receivable in the subsequent period is recorded as current period receipts.
- Goods shipped and included in the current period sales were returned in the subsequent period.
For each misstatement, list an internal control that should prevent it.
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