Question
Which of the following would indicate the need to use positive accounts receivable confirmations? a. a large population consisting of small balances b. good internal
Which of the following would indicate the need to use positive accounts receivable confirmations?
a. a large population consisting of small balances
b. good internal control over accounts receivables
c. a small number of large balances
d. the response rate by customers to previous confirmations being sent has been very high.
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Financial Accounting The Cornerstone Of Business Decision Making
Authors: Jay S Rich, Jeff Jones, Linda Ann Myers
5th Edition
0357132696, 978-0357132692
