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    Accounting Information Systems Study Set 19
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    Exam 5: The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures
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    Because of Time Delays Between Receiving Inventory and Making the Journal
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Because of Time Delays Between Receiving Inventory and Making the Journal

Question 95

Question 95

Multiple Choice

Because of time delays between receiving inventory and making the journal entry


A) liabilities are usually understated
B) liabilities are usually overstated
C) liabilities are usually correctly stated
D) none of the above

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