Multiple Choice
The auditor of the revenue cycle of ABC Company computes an estimate of ABC's allowance for doubtful accounts and compares it to the estimate provided by ABC's management.The purpose for this procedure is to substantiate which assertion?
A) Existence of receivables.
B) Cutoff of receivables.
C) Valuation of receivables.
D) Rights to receivables.
Correct Answer:
Verified
Correct Answer:
Verified
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