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?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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?

 

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 S-year term bond last September

2021.

C. Property dividends declared on December 27, 2021

D. The settlement of a pending litigation with another entity on January 5, 2022.

 

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