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  2. Topic
    Business
  3. Study Set
    Auditing A Business Risk Approach
  4. Exam
    Exam 14: Audit of Longer-Term Liabilities, equity, acquisitions, and Related-Entity Transactions, long-Term Liabilities, and Equity
  5. Question
    In Acquisitions That Are Material to the Purchasing Entity,the Auditor
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In Acquisitions That Are Material to the Purchasing Entity,the Auditor

Question 25

Question 25

True/False

In acquisitions that are material to the purchasing entity,the auditor can just accept the specialist's appraisal and management's assessment of the fair value of the assets.

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