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The Hamster Stop Has $93,650 in the Accrued Payroll Account

Question 8

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The Hamster Stop has $93,650 in the Accrued Payroll account. Hamster's weekly payroll is $156,000 and the accrual represents payroll for 3 days. If controls are strong, determine whether additional audit work should be performed on this account.

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Because the accrual is for three days, w...

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