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The most important test for the existence/occurrence objective for accounts receivable is:
Raw Timber
Unprocessed wood that has been harvested from trees and is typically used for construction, manufacturing, or paper products.
Finished Goods
Products that have completed the manufacturing process and are ready to be sold to customers.
Custom Designed
Refers to products or solutions specifically crafted to meet the unique requirements or specifications of a customer.
Raw Materials
Basic materials that are used in the initial stages of production and manufacturing processes.
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