Regarding purchase returns and allowances, control activities useful in reducing the risk of misstatements include all of the following except:
A) all purchase returns should be authorized by the vendor.
B) goods should be returned only with a proper purchase return authorization.
C) the computer should match debit memo information with the authorization for purchase return and the shipping documents.
D) the computer generates a report of all authorized purchase returns that have not been shipped or have not resulted in a debit memo.
E) all of the above

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The Answer of Regarding purchase returns and allowances, control activities useful in reducing the risk of misstatements include all of the following except:
A) all purchase returns should be authorized by the vendor.
B) goods should be returned only with a proper purchase return authorization.
C) the computer should match debit memo information with the authorization for purchase return and the shipping documents.
D) the computer generates a report of all authorized purchase returns that have not been shipped or have not resulted in a debit memo.
E) all of the above

Regarding Purchase Returns and Allowances, Control Activities Useful in Reducing