quiz 7 spring 2012 16 17 24 word

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ACCT 460 Auditing Name _ __ __ ___  Spring 2012, Quiz #7, Chpts 16, 17 & 24 MULTIPLE CHOICE. Choose the one alternative that best completes the statemen t or answers the question. 1  The net rea! iza"!e a!ue $% a$unts reeia"!e is e'ua! t$( 1  _______ A) ross accounts receivable less allowance !or uncollectible accounts ) * gr$ss a$unts reeia"!e !ess returns and a!!$+anes) C gr$ss a$unts reeia"!e !ess sa!es dis$unts) gr$ss a$unts reeia"!e !ess "ad de"t e-pense) 2  The understa tement $% sa!es and a$un ts reeia"!e is "est un $ered ".( 2  _______ A reie+ing the aged tria! "a!ane) * $n%irming reeia"!e s) C re$ni!ing the a$unts reeia"!e genera! !edger a$unt +ith the shedu!e $% a$unts reeia"!e) test $% transati$ns %$r shipments made "ut n$t re$rded) / An audit$r !earns that $!!eti$ns $% a$unts reeia"!e during the %irst ten da.s $% anuar. +ere de"ited t$ ash and redited t$ a$unts reeia"!e as $% eem"er /1) The e%%et genera!!. +i!! "e t$( /  _______

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8/13/2019 Quiz 7 Spring 2012 16 17 24 WORD

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8/13/2019 Quiz 7 Spring 2012 16 17 24 WORD

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