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This is the bulletin Negative confirmation of accounts receivable is less effective than positive confirmation because o a. Some recipients may report incorrect balances. o
This is the bulletin Negative confirmation of accounts receivable is less effective than positive confirmation because o a. Some recipients may report incorrect balances. o b. There is no way bf knowing whether a non- response indicates agreement with the balance or a failure by the customer to return the form. o c. The amount of the receivable may be immaterial. od. Only blank confirmations are permitted under GAAS for material accounts receivable balances. D oc
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