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Author Question: Which of the following is an accurate statement regarding the audit of the capital acquisition and ... (Read 49 times)

meganh99

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on: Aug 21, 2022

Question 1

Which of the following balance-related audit objectives is not applicable to the audit of notes payable?
◦ realizable value
◦ detail tie-in
◦ cutoff
◦ classification

Question 2

Which of the following is an accurate statement regarding the audit of the capital acquisition and repayment schedule?
◦ When internal controls over notes payable are deficient, auditors are required to confirm the notes payable.
◦ As auditors perform tests of details of balances for balance-related audit objectives, the evidence obtained helps satisfy the notes payable presentation and disclosure requirements.
◦ The normal starting point for the audit of notes payable is a list of fixed asset acquisitions.
◦ The schedule of notes payable and accrued interest must be prepared regardless of the number of transactions involved.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by meganh99 on Aug 21, 2022

ad2018

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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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meganh99

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

brbarasa

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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