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 (December 31). Martin is also reviewing evidence showing that another customer that had a large balance at year-end unexpectedly declared bankruptcy on January 10.
Required
Analyze how this information should be reflected in the financial statements.
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Related Book For
Auditing A Practical Approach with Data Analytics
ISBN: 978-1119401742
1st edition
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
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