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Which inherent risk audit factor for a sales transaction would a Medtronic auditor least likely consider 1) Billings are made using the percentage-of-completion method of
Which inherent risk audit factor for a sales transaction would a Medtronic auditor least likely consider 1) Billings are made using the percentage-of-completion method of revenue recognition. 2) The nature of the credit authorization process. 3) Some invoices are normally billed prior to shipments (which occur at a later date] 4) The conditions of the sale allow for a right of return or the right to modify the purchase agreement
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