Question: In auditing for unrecorded long - term bonds payable, an audit team most likely will: Multiple Choice compare interest expense with the bond payable amount
In auditing for unrecorded longterm bonds payable, an audit team most likely will:
Multiple Choice
compare interest expense with the bond payable amount for reasonableness.
examine documentation of assets purchased with bond proceeds for liens.
confirm the existence of individual bondholders at yearend.
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