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Cadish Cadish
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6 years ago
Formamould Inc. sells plastic moulds to a variety of companies. Some moulds are custom made and cost thousands of dollars. To help customers finance these purchases, Formamould uses a variety of methods, such as payment terms stretched over three years, delayed payment, and pay-as-you-produce models tailored to the individual customer's needs. The outstanding balance is included in current accounts receivable. The general balance-related audit objective affected by this activity is
A) completeness.
B) accuracy.
C) allocation to accounts.
D) existence.
Textbook 
Auditing: The Art and Science of Assurance Engagements, Canadian Edition

Auditing: The Art and Science of Assurance Engagements, Canadian Edition


Edition: 12th
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Auditing: The Art and Science of Assurance Engagements, Twelfth Canadian Edition, 12/E (Arens, Elder, Beasley, Splettstoesser)
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inthe80sinthe80s
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6 years ago
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Cadish Author
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6 years ago
Brilliant ツ
Ivansitospeed@g
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Thanks
zsc999
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2 hours ago
Smart ... Thanks!
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