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Which of the following relatively small misstatements would most likely have a material effect on an entity's financial report? An illegal payment to a foreign
Which of the following relatively small misstatements would most likely have a material effect on an entity's financial report?
An illegal payment to a foreign official that was not recorded. | ||
A piece of obsolete office equipment that was not retired. | ||
A petty cash fund disbursement that was not properly authorised. | ||
An uncollectible account receivable that was not written off. |
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