As of September 30, 2012, Magicon had only submitted the order letter. Document your conclusion about the

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As of September 30, 2012, Magicon had only submitted the order letter. Document your conclusion about the impact on the accounting for the transaction if Longeta and Magicon

(a) Sign the reseller agreement within 30 days or

(b) Do not sign the reseller agreement within 30 days?

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Auditing Cases An Interactive Learning Approach

ISBN: 978-0132567237

5th edition

Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

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