Alpha company uses its sales invoices for posting perpetual inventory records. inadequate internal control over the invoicing function allows goods to be shipped that are not invoiced. the inadequate controls could cause an
a. understatement of revenues, receivables, and inventory.
b. overstatement of revenues and receivables, and an understatement of inventory.
c. understatement of revenues and receivables, and an overstatement of inventory.
d. overstatement of revenues, receivables, and inventory.
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