Question: AP 1 4 . 3 ( LO 2 ) An icon reads, Challenging Substantive procedures, assertions, and types of evidence for financing activities The following
APLO An icon reads, Challenging Substantive procedures, assertions, and types of evidence for financing activities The following transactions and events relate to financing transactions at Weber Inc.
Declare cash dividend on common stock.
Issue bonds.
Pay bond interest.
Purchase shares of treasury stock.
Pay cash dividend declared in above.
Issue additional common stock for cash.
Accrue bond interest payable at yearend.
Redeem outstanding bonds.
Establish appropriation for bond retirement.
Announce a twoforone stock split.
Required
Identify the substantive procedure that should verify each transaction or event.
For each test, indicate the financial statement assertions to which it pertains.
Indicate the source of evidence obtained from the substantive procedure ie outside party, clientgenerated, auditors personal knowledge or observation, documented, oralUse a tabular format for your answers, with one column for each part.
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