Question: Please answer Q 10 and 13 fastly Question 10 Not yet wered Marted out of Ms. Aalia the auditor of Al Aalam Logistic Company wants

Please answer Q 10 and 13 fastly
Please answer Q 10 and 13 fastly Question 10 Not yet wered
Marted out of Ms. Aalia the auditor of Al Aalam Logistic Company

Question 10 Not yet wered Marted out of Ms. Aalia the auditor of Al Aalam Logistic Company wants to check the Rights and Obligations assertion related to the inventory of the company. Which one of the following will Ms. Aalia do to check 17 Check if the inventory recognized in the Al AalamLogistics balance sheet is owned by the companyand the balance of account payable represents the obligation on the company Check if the value of inventory in Al AalamLogistic sis recognized at the lower of cost or net realizable value Check if the inventory recognized in Al AalamLogistic's balance sheet exists at the end of the period Check if the value of all the inventory is recognized in Al AalamLogistic sand nothing is left without being included Question 13 Not yet answered Marked out of 100 F Fag question Mr. John is the auditor of Gulf Oil Company for the year 2020. He wanted to check if the depreciation calculations included in the financial statements of the company are correct or not. In order to check it, he is obtaining the details of fixed assets purchased by the company till the year 2019, its book values and the detail of fixed assets purchased during the year 2020 and calculates the depreciation of various fixed assets at their respective rates included in the balance sheet of the company. After doing this, he compares the amount of depreciation that he calculated with that which is mentioned in the financial statements of the company for the year 2020. This technique of collecting audit evidence followed by the auditor is known as: Quezon 14 Inspection Confirmation Computation Observation Which one of the following is true about secret reserves? Not yet answered

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