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Which of the Following Is True About Retainages

Question 22

Multiple Choice

Which of the following is true about retainages?


A) Most organizations, with the exception of construction contractors, must have retainages.
B) Most organizations have this feature in its payables module.
C) Retainages are more applicable to payables than to receivables.
D) Retainages provide additional assurance that an agreed upon task will be completed.

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