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Author Question: When auditing accrued property taxes, (Read 47 times)

kled

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on: Aug 21, 2022

Question 1

The estimated unpaid obligations for services or benefits that have been received before the balance sheet date are
◦ accounts payable.
◦ accounts receivable.
◦ unearned liabilities.
◦ accrued liabilities.

Question 2

When auditing accrued property taxes,
◦ the source for the debits to the liability account is the acquisitions journal.
◦ realizable value is an important balance-related audit objective.
◦ the ending balance in the account should be confirmed with the applicable taxing authority.
◦ the most important consideration for the auditor is that the same portion of each tax payment for the accrual that was used in the preceding year is used in the current year.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by kled on Aug 21, 2022

bleep bloop

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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kled

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

aruss1303

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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