The Negative Request Form of Accounts Receivable Confirmation Is Useful

question 4

Multiple Choice

The negative request form of accounts receivable confirmation is useful particularly when the $$\begin{array} { | l | l | l | } \hline \begin{array} { l } \text { Assessed Level of Risk of Material } \\\text { Misstatement Relating to Receivables Is }\end{array} & \begin{array} { l } \text { Number of Small } \\\text { Balances Is }\end{array} & \begin{array} { l } \text { Proper Consideration by } \\\text { the Recipient Is }\end{array} \\\hline \text { A. Low } & \text { Many } & \text { Likely } \\\hline \text { B. Low } & \text { Few } & \text { Unlikely } \\\hline \text { C. High } & \text { Few } & \text { Likely } \\\hline \text { D. } \text { High } & \text { Many } & \text { Likely } \\\hline\end{array}$$

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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Definitions:

Partners' Liability

The legal responsibility shared by partners in a partnership for the debts and obligations of the business.

Convict On Parole

An individual who has been released from prison before completing their sentence under certain conditions for good behavior.

Criminal Codes

A compilation of laws and statutes that define acts punishable by the state, including crimes and the penalties for their commission.

Partnership

A business arrangement that is legally recognized, involving two or more partners who jointly manage the business and divide its profits.