Identify two examples of businesses that collect cash before

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Problem 1: The sales and collection process generate revenue, accounts receivable, and cash flow information for a firm's financial statements.

Required: Outline other information that you believe managers would like to collect.

Problem 2: Due to the nature of the business, many companies, such as those online, require payment in advance of delivery of goods and/or services.

Required: Identify TWO examples of businesses that collect cash before recording the corresponding sales and explain how different sequences would affect internal control requirements .

Reference no: EM132782653

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