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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 271
An accountant recommends a local computer company to a client that is trying to upgrade its computerized sales records. The client purchases $25,000 worth of equipment and sends a check to the accountant for 5 percent of the total sales. This is an example of a
A) Commission.
B) Contingent fee.
C) Referral fee.
D) Nonaudit fee.
A) Commission.
B) Contingent fee.
C) Referral fee.
D) Nonaudit fee.
Explanation
Verified
Verified
• Commission is a percentage paid in con...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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