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    Modern Auditing Assurance
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    Exam 14: Auditing the Revenue Cycle
  5. Question
    The Possibility That an Unusually Heavy Volume of Sales Returns
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The Possibility That an Unusually Heavy Volume of Sales Returns

Question 53

Question 53

True/False

The possibility that an unusually heavy volume of sales returns after year-end could signal unauthorized shipments before year-end to inflate recorded sales and receivables.

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