Multiple Choice
In an audit of financial statements,the risk of the high rate of return of products sold includes that of
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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