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Business, 23.04.2020 04:20 quintonps12
Negative confirmation of accounts receivable is less effective than positive confirmation because:a. Some recipients may report incorrect balances. b. There is no way of knowing whether a non-response indicates agreement with the balance or a failure by the customer to return the form. c. The amount of the receivable may be immaterial. d. Only blank confirmations are permitted under GAAS for material accounts receivable balances.
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Negative confirmation of accounts receivable is less effective than positive confirmation because:a....
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