Multiple Choice
In an audit of financial statements,risks related to a high rate of return of products sold include which of the following?
A) Sales that are recorded improperly.
B) An estimate of accrued returns that reduces net income.
C) A reduction of net sales for an increase to the sales returns and allowance account.
D) Consignment goods that are returned and forwarded to third parties.
Correct Answer:
Verified
Correct Answer:
Verified
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