Martin Rorke is reviewing the results of the review of subsequent cash receipts. There are several receipts
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Martin Rorke is reviewing the results of the review of subsequent cash receipts. There are several receipts listed from customers that were considered doubtful at the end of the year (June 30). Martin is also reviewing evidence that shows that another customer that had a large balance at year end was unexpectedly declared bankrupt on July 10.
Required
How should this information be reflected in the financial report?
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Related Book For
Auditing A Practical Approach
ISBN: 978-1118849415
2nd Canadian edition
Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren
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