Use positive or negative accounts receivable confirmations

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Reference no: EM131263295

What best describes the situation for the auditor to use positive or negative accounts receivable confirmations?

Use negative requests if accounts receivable consists of many small accounts and positive confirmations if accounts receivable consists of several very large accounts.

Accounts receivable is immaterial.

Use positive requests if accounts receivable consists of many small accounts and negative confirmations if accounts receivable consists of several very large accounts.

An accounts receivable aging has been prepared.

Reference no: EM131263295

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