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  3. Study Set
    Auditing A Risk Based Approach
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    Exam 13: Auditing Long-Term Liabilities and Stockholders Equity Transactions
  5. Question
    If an Auditor Discovers That a Company Intentionally Applied Loan
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If an Auditor Discovers That a Company Intentionally Applied Loan

Question 78

Question 78

True/False

If an auditor discovers that a company intentionally applied loan payments to interest rather than principal,this would result in fraudulent overstatement of income.

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