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  3. Study Set
    Auditing Study Set 1
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    Exam 9: Auditing the Revenue Cycle
  5. Question
    The Auditor of James Corporation Should Be Alert to the Risk
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The Auditor of James Corporation Should Be Alert to the Risk

Question 1

Question 1

True/False

The auditor of James Corporation should be alert to the risk of material misstatements when James Corporation's cash flows from operations are negative and net income (rather than loss)is reported.

Correct Answer:

verifed

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