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56. In an audit of financial statements, the risk of the high rate of
return of products sold includes that of (Points: 4)
sales that are recorded improperly.
an estimate of accrued returns that reduces net income.
a reduction of net sales for an increase to the sales returns and
allowance account.
consignment goods that are returned and forwarded to third
parties.
57. Confirmations that are sent to select customers asking them to
review the current balance due the client as