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Examine the five (5) steps to managing accounts receivable: 1. Account Receivable, 2. Note Receivable,...

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Accounting

Examine the five (5) steps to managing accounts receivable:

1. Account Receivable, 2. Note Receivable, 3. Other Receivable, 4. Recognizing Receivable, 5. Valuing Account Receivable

Speculate on the step that is most vulnerable to fraud. Suggest at least two (2) actions that a company can take in order to protect this step from fraud.

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