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| Date Submitted | 15-Jul-10 |
|---|---|
| Category | Audit & Assurance |
| Heading | Kaplan Exam Question 2A |
| Question | I agree with testing deviation rate and the accounts payable has not been tested for understatement. Can you please confirm where the 80% amount came from? Thanks |
| Answer | There is a typo in the question, which should say that the 3 major crediotrs consistituted 80% of the balance. |