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In auditing closing balance of the capital stock account, auditors determine the number of outstanding shares at the balance sheet date via confirmation from the transfer agent. The purpose of this procedure is to cover the objective of O Present and disclosure O Accuracy O Completeness O Occurrence

In auditing closing balance of the capital stock account, auditors determine the number of outstanding shares at the balance sheet date via confirmation from the transfer agent. The purpose of this procedure is to cover the objective of O Present and disclosure O Accuracy O Completeness O Occurrence

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In auditing closing balance of the capital stock account, auditors determine the number of outstanding shares at the balance sheet date via confirmation from the transfer agent. The purpose of this procedure is to cover the objective of * O Present and disclosure O Accuracy O Completeness Occurrence
Transcribed Image Text:In auditing closing balance of the capital stock account, auditors determine the number of outstanding shares at the balance sheet date via confirmation from the transfer agent. The purpose of this procedure is to cover the objective of * O Present and disclosure O Accuracy O Completeness Occurrence
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