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Author Question: Which of the following statements about the audit of fixed assets is theleastcorrect? (Read 50 times)

kckanistras

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on: Aug 21, 2022
Which of the following statements about the audit of fixed assets is the least correct?
◦ The primary accounting record for manufacturing equipment and other property, plant and equipment is generally a fixed asset master file.
◦ Manufacturing equipment and current assets are normally audited in the same fashion regardless of the activity within a particular account.
◦ The emphasis on auditing fixed assets is on verification of current-period acquisitions.
◦ Failure to record the acquisition of a fixed asset affects the income statement until the assets are fully depreciated.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by kckanistras on Aug 21, 2022

tharris7314

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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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kckanistras

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

carojassy25

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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