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  3. Study Set
    Auditing A Business Risk Approach
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    Exam 15: Ensuring Audit Quality in Completing the Audit
  5. Question
    Settlement of a Lawsuit in January for a Materially Different
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Settlement of a Lawsuit in January for a Materially Different

Question 43

Question 43

True/False

Settlement of a lawsuit in January for a materially different amount than was accrued at December 31 calls for an adjustment to the financial statements.

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