multiple-choice which of the following: inspecting the stock certificates of client test? a. completeness of sales...
Homework Answers
Answer -
Step - (1) - Information Given -
Which of the following: inspecting the stock certificates of client test?
- Option - (a) - completeness of sales of common stock.
- Option - (b) - existence of treasury stock.
- Option - (c) - accuracy of stock per-share.
- Option - (d) - occurrence of Bond insurance.
- Option - (e) - minutes of board of director meetings.
.
Step - (2) - Analysis and Conclusion -
An auditor is most likely to trace treasury stock purchase transactions and existence of treasury stock by inspecting the certificates of treasury stock.
Therefore, Option - (b) - Existence of treasury stock, is Correct.
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multiple-choice
which of the following: inspecting the stock certificates of client
test?
a. completeness of sales...
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