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A customer mails and records a check to a client for payment of an unpaid account on December 30. ...

nevermind11111

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A customer mails and records a check to a client for payment of an unpaid account on December 30. ...

A customer mails and records a check to a client for payment of an unpaid account on December 30. The client receives and records the amount on January 2. The records of the two organizations will be different on December 31. This represents

▸

A cutoff misstatement	A timing difference
Yes	Yes

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A cutoff misstatement	A timing difference
No	No

▸

A cutoff misstatement	A timing difference
Yes	No

▸

A cutoff misstatement	A timing difference
No	Yes

Textbook

Auditing and Assurance Services

Edition: 17^th

Authors: Arens, Elder, Beasley, Hogan

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