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Author Question: Which of the following isnotone of the reasons auditors verify equipment differently from current ... (Read 32 times)

shivanipalawai@gmail.com

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on: Aug 21, 2022
Which of the following is not one of the reasons auditors verify equipment differently from current asset accounts?
◦ There are usually fewer current period acquisitions of equipment.
◦ The amount of any given acquisition is often material.
◦ The equipment is likely to be kept and maintained in the accounting records for several years.
◦ Current assets are subject to liens and encumbrances while equipment is not.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by shivanipalawai@gmail.com on Aug 21, 2022

breounasmoot

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Reply #1 on: Aug 21, 2022
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shivanipalawai@gmail.com

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

6ana001

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Reply 3 on: Yesterday
Wow, this really help

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