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There was a disagreement between corporate management and the auditors in the Callmate case about the most appropriate revenue recognition policy. The policy decision in this case affected net income, retained earnings, and liabilities. When there is a disagreement between the auditors and corporate management about the best accounting policy, how should the disagreement be resolved? Who should have the final say in making the policy decision?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9955719

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