During the course of an audit,a public accountant observes that the recorded interest expense seems to be excessive in relation to the balance in the long-term debt account.This observation could lead the auditor to suspect that

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If the interest expense is excessive compared to the long-term debt balance, it could indicate that not all debt is accounted for on the balance sheet, suggesting long-term debt might be understated.

During the Course of an Audit,a Public Accountant Observes That