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  3. Study Set
    Auditing and Assurance Services Study Set 2
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    Exam 16: Completing the Tests in the Sales and Collection Cycle: Accounts Receivable
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    Many Manufacturing and Merchandising Audit Clients Record Sales Based on Shipment
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Many Manufacturing and Merchandising Audit Clients Record Sales Based on Shipment

Question 81

Question 81

True/False

Many manufacturing and merchandising audit clients record sales based on shipment of goods criterion and make the necessary adjustments at period end to record revenues in the proper period.

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