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    Auditing and Assurance Services Study Set 2
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    Exam 22: Audit of the Capital Acquisition and Repayment Cycle
  5. Question
    One Unique Characteristic of the Capital Acquisition and Repayment Cycle
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One Unique Characteristic of the Capital Acquisition and Repayment Cycle

Question 75

Question 75

True/False

One unique characteristic of the capital acquisition and repayment cycle is that relatively few transactions affect the account balances, but each transaction is often highly material in amount.

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