Question: An audit team testing long- term investments would ordinarily use analytical procedures to ascertain the reasonableness of the a. Existence of unrealized gains or losses.

An audit team testing long- term investments would ordinarily use analytical procedures to ascertain the reasonableness of the
a. Existence of unrealized gains or losses.
b. Completeness of recorded investment income.
c. Classification as available- for- sale or trading securities.
d. Valuation of trading securities.

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