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    Principles of Financial Accounting Study Set 1
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    Exam 7: Internal Control and Cash
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    The Concept of Reasonable Assurance Is Based on the Belief
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The Concept of Reasonable Assurance Is Based on the Belief

Question 30

Question 30

True/False

The concept of reasonable assurance is based on the belief that the cost of control activities should NOT be more than their expected benefits.

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