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Which of the following most likely represents a failure in internal control relative to the revenue cycle of a wholesaling entity? A. Approved customer purchase
Which of the following most likely represents a failure in internal control relative to the revenue cycle of a wholesaling entity?
A.
Approved customer purchase orders are required before items can ship.
B.
The billing department creates invoices after receiving proper shipping documents.
C.
Invoices are created when customer purchase orders are received.
D.
The credit manager first approves credit sales to customers.
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