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When a business has a large amounts recorded to the Refund Liability account, management should be concerned about which of the following? Select all that
When a business has a large amounts recorded to the Refund Liability account, management should be concerned about which of the following? Select all that apply.
A : Possible delays in receiving inventory from suppliers. B : Errors in billing customers. C : Mistakes in the goods delivered to their customers. D : Possible inferior inventory. E : The accounts payable clerk is not paying suppliers within the allowed discount period.
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