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Formamould Inc

Question 21

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Formamould Inc.sells plastic moulds to a variety of companies.Some moulds are custom made and cost thousands of dollars.To help customers finance these purchases,Formamould uses a variety of methods,such as payment terms stretched over three years,delayed payment,and pay-as-you-produce models tailored to individual customer needs.The outstanding balance is included in current accounts receivable.The general balance-related audit objective affected by this activity is


A) completeness.
B) accuracy.
C) allocation to accounts.
D) existence.

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