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    Auditing and Assurance Services Study Set 1
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    Exam 6: The CPA Profession
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    An Important Balance Related Objective Is Realizable Value
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An Important Balance Related Objective Is Realizable Value

Question 5

Question 5

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An important balance related objective is realizable value. Describe what is the purpose of this audit objective, what it is concerned with, and give an example.

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Purpose-assets are included on the balan...

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