What cutoff misstatements can arise if the FOB terms for sales shipped are not properly accounted for?

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What cutoff misstatements can arise if the FOB terms for sales shipped are not properly accounted for? What about for inventory received?

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Auditing An International Approach

ISBN: 978-0071051415

6th edition

Authors: Wally J. Smieliauskas, Kathryn Bewley

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Question Posted: Jan 09, 2015 09:38 AM

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What cutoff misstatements can arise if the FOB terms for sales shipped are not properly accounted for?

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The FOB terms in force determine when title passes and are used to identify go...View the full answer

Auditing An International Approach

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