Which of the Following Most Likely Would Be Detected by a Review

question 97

Multiple Choice

Which of the following most likely would be detected by a review of a client's sales cutoff?

• A) excessive sales discounts
• B) unrecorded sales for the year
• C) unauthorized goods returned for credit
• D) lapping of year-end accounts receivable

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Definitions:

Consistency

The quality of always acting or behaving in the same way, leading to predictability and reliability in one's actions or beliefs.

Bad Luck

A concept describing an outcome or series of outcomes that are unfavorable and not within one's control, often attributed to chance.

Shame

A painful emotion resulting from the consciousness of wrongdoing or failing to meet societal standards, often involving feelings of embarrassment and guilt.

Fixed Mindset

A belief that one's abilities, intelligence, and talents are fixed traits, leading to a focus on documentation rather than development of these traits.