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    Auditing Assurance Services Study Set 1
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    Exam 13: Completing Tests in the Sales and Collection Cycle: Accounts Receivable
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    The Criterion Used by Most Clients for Determining When a Sale
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The Criterion Used by Most Clients for Determining When a Sale

Question 17

Question 17

Multiple Choice

The criterion used by most clients for determining when a sale takes place is when:


A) the goods are shipped.
B) cash is exchanged.
C) the order is received.
D) the costs are incurred.

Correct Answer:

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