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Which of the following procedures would provide best evidence confirming the amounts of checks that were shown as outstanding in the cash reconciliation as of
Which of the following procedures would provide best evidence confirming the amounts of checks that were shown as outstanding in the cash reconciliation as of the end of the fiscal year? Group of answer choices Send confirmations to the bank to confirm the bank balance as of the end of the fiscal year Examine the bank cutoff statement (i.e., a bank statement showing activity during the first two or so weeks of the next fiscal year) Both A & B None of these
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