You are assigned to perform a review of minutes of meeting for the year end audit ending December 31, 2021. Which of the following agendas would least likely affect the total liabilities of the entity? Group of answer choices A. The payment of real property taxes for the year 2021 at the beginning of 2021. B. The approval of the board of directors of the issuance of a 5-year term bond last September 2021. C. The settlement of a pending litigation with another entity on January 5, 2022. D. Property dividends declared on December 27, 2021
You are assigned to perform a review of minutes of meeting for the year end audit ending December 31, 2021. Which of the following agendas would least likely affect the total liabilities of the entity? Group of answer choices A. The payment of real property taxes for the year 2021 at the beginning of 2021. B. The approval of the board of directors of the issuance of a 5-year term bond last September 2021. C. The settlement of a pending litigation with another entity on January 5, 2022. D. Property dividends declared on December 27, 2021
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter17: Other Services Provided By Audit Firms
Section: Chapter Questions
Problem 19MCQ
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You are assigned to perform a review of minutes of meeting for the year end audit ending December 31, 2021. Which of the following agendas would least likely affect the total liabilities of the entity?
Group of answer choices
A. The payment of real property taxes for the year 2021 at the beginning of 2021.
B. The approval of the board of directors of the issuance of a 5-year term bond last September 2021.
C. The settlement of a pending litigation with another entity on January 5, 2022.
D. Property dividends declared on December 27, 2021
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