3) If the client refuses to make the journal entries you have outlined on the Cash Lead Sheet, and materiality is $1,000 for this client, would you conclude that Cash is fairly stated at the amount shown on the trial balance? Why or why not?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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3) If the client refuses to make the journal entries you have outlined on the Cash Lead Sheet, and
materiality is $1,000 for this client, would you conclude that Cash is fairly stated at the amount shown on
the trial balance? Why or why not?
Transcribed Image Text:3) If the client refuses to make the journal entries you have outlined on the Cash Lead Sheet, and materiality is $1,000 for this client, would you conclude that Cash is fairly stated at the amount shown on the trial balance? Why or why not?
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