Question
You are an auditor with 2 clients ABC Ltd and xyz Ltd. ABC owes xyz $2000000(material for both entities). ABC is bankrupt. XYZ doesn't know-believes
You are an auditor with 2 clients ABC Ltd and xyz Ltd. ABC owes xyz $2000000(material for both entities). ABC is bankrupt. XYZ doesn't know-believes full AR collectible. What do you do?
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
