Question: An audit plan for noncurrent debt should include steps that require Question 2 8 Answer a . Inspecting the accounts payable subsidiary ledger b .

An audit plan for noncurrent debt should include steps that require
Question 28Answer
a.
Inspecting the accounts payable subsidiary ledger
b.
Examining bond trust indentures.
c.
Investigating credits to the bond interest income account.
d.
Verifying the existence of the bondholders.
e.
Tracing vendor invoices to the account payable subsidiary ledger.

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