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  2. Topic
    Business
  3. Study Set
    Auditing and Assurance Services
  4. Exam
    Exam 6: Completing the Tests in the Sales and Collection Cycle: Accounts Receivable, Audit Sampling for Tests of Details of Balances, and Audit of the Acquisition and Payment Cycle
  5. Question
    The Receipt of Goods and Services in the Normal Course
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The Receipt of Goods and Services in the Normal Course

Question 22

Question 22

Multiple Choice

The receipt of goods and services in the normal course of business represents the date clients normally recognize:


A) income.
B) the liability.
C) expenses.
D) warranty assets.

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