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What are the three common accounts

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Problem 1: What are the 3 common accounts that are being misclassified as part of Property, Plant, and Equipment.  Which assertions in the audit of Property, Plant and Equipment should be given more importance? Why?

Problem 2: Do you agree that the audit of Property, Plant and Equipment is much easier as compared with other accounts such as inventories, receivables, cash and cash equivalents, etc.?

Reference no: EM132774694

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