Auditing: A Risk Based-Approach (MindTap Course List)
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN: 9781337619455
Author: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher: Cengage Learning
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Chapter 4, Problem 9CYBK
To determine

Concept introduction:

Breach of contract:

Breach of contract is a legal term used in the contract law. Breach of contract refers to the situation when any party of the contract fails to fulfill his part of the obligation as decided in the contract. 

To identify: Whether the given statement is true or false.

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