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    Business
  3. Study Set
    Auditing A Risk Based Approach
  4. Exam
    Exam 2: The Auditors Responsibilities Regarding Fraud and Mechanisms to Address Fraud: Regulation and Corporate Governance
  5. Question
    BruceCoHas Accounted for the Revenue of Jiffy Mac,Inc
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BruceCoHas Accounted for the Revenue of Jiffy Mac,Inc

Question 35

Question 35

True/False

BruceCo.has accounted for the revenue of Jiffy Mac,Inc. ,one of its suppliers,as though it were its subsidiary. BruceCo.has probably committed fraud because of its misapplication of consolidation principles.

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