auditing, 100 words

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February 24, 2021
answer the questions (Compare definitions in textbook and presentation ” Sampling Methods” )
February 24, 2021

Find the Best Buy 10k for the fiscal year ended January 30th, 2017.

  1. Explain the company’s revenue recognition policies.
  2. The company explains that there are several uncertainties surrounding revenue recognition, one of which concerns gift cards. How does the company recognize revenue from gift cards?
  3. Briefly, what will the auditor need to test or investigate about Best Buy’s revenue recognition determination concerning gift cards?

 

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