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Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
Edition 9ISBN: 978-0130459206Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
Edition 9ISBN: 978-0130459206 Exercise 2
An auditor testing long-term investments would ordinarily use substantive analytical procedures to ascertain the reasonableness of the
A) Existence of unrealized gains or losses in the portfolio.
B) Completeness of recorded investment income.
C) Classification between current and noncurrent portfolios.
D) Valuation of marketable equity securities.
A) Existence of unrealized gains or losses in the portfolio.
B) Completeness of recorded investment income.
C) Classification between current and noncurrent portfolios.
D) Valuation of marketable equity securities.
Explanation
Verified
Verified
Justification
The auditor uses the subs...
Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
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