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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 23
An audit team testing long-term investments would ordinarily use analytical procedures to ascertain the reasonableness of the
A) Existence of unrealized gains or losses.
B) Completeness of recorded investment income.
C) Classification as available-for-sale or trading securities.
D) Valuation of trading securities.
A) Existence of unrealized gains or losses.
B) Completeness of recorded investment income.
C) Classification as available-for-sale or trading securities.
D) Valuation of trading securities.
Explanation
Verified
Verified
The correct answer is b.Analyt...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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