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Which of the following most likely would give the most assurance concerning the valuation assertion of accounts receivable? Multiple Choice Tracing amounts in the subsidiary
Which of the following most likely would give the most assurance concerning the valuation assertion of accounts receivable?
Multiple Choice
Tracing amounts in the subsidiary ledger to details on shipping documents.
Comparing receivable turnover rates to industry statistics for reasonableness.
Inquiring about receivables pledged under loan agreements.
Assessing the allowance for uncollectible accounts for reasonableness.
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MIS Management Information Systems
Authors: Hossein Bidgoli
8th edition
978-1337406932, 1337406937, 978-1337406925, 1337406929, 978-0357004357
