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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
    Most Companies Recognize a Liability When the Goods Are Received
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Most Companies Recognize a Liability When the Goods Are Received

Question 41

Question 41

True/False

Most companies recognize a liability when the goods are received by the company.

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