For Which of the Following Accounts Receivable Customer Populations Would

question 74

Multiple Choice

For which of the following accounts receivable customer populations would the use of negative confirmations be most appropriate?

• A)A retail truck and trailer sales company with high inherent risk and moderate control risk over the revenue cycle.
• B)A utility company with control risk over the revenue cycle assessed high.
• C)A mortgage banking company with excellent control over the purchasing cycle.
• D)A cable company with control risk over the revenue cycle assessed low.

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Definitions:

Environmentalists

Individuals who advocate for the protection and preservation of the environment.

Bog

A wetland area that accumulates peat, a deposit of dead plant material—often mosses, and in a majority of cases, sphagnum moss.

Correct Helping Verb

An auxiliary verb that is used with a main verb to help express the main verb’s tense, mood, or voice accurately.

Diary

A personal journal where individuals record their thoughts, feelings, and experiences.