Question: Match the analytical procedure with the possible misstatement the procedure would uncover Compare individual customer balances with previous years Compare bad debt expense as a
Match the analytical procedure with the possible misstatement the procedure would uncover
Compare individual customer balances with previous years
Compare bad debt expense as a percentage of gross sales with previous years
Compare aging categories as a percentage of accounts receivable with previous years
Compare sales by month by product line over time
A. Overstatement or understatement of sales and accounts receivable
B. Uncollectible accounts receivable that have not been provided for
C. Overstatement or understatement of allowance for uncollectible accounts and bad debt expense
D. Misstatements in accounts receivable and related income statement accounts
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