Question completion State Question 29 points own The auditor determines that the following objectives will be part of the audit of ABC Company which has a December 31 year end. For each of the following audit objectives, select the substantive text that would most bely provide the proper support for the determining that the objective has been met. Choose only one answer from A thru ) for each Objective. ORACTIVES 1 Verify existence of accounts receivable 2.Delarmine that accounts receivable are valued at their net realitable walue 3. Determine that proper recevable disclosures are presented 4. Determine that als have been recorded in the proper period 5. Substantiate balances for any accounts receivable where confirmations were not received back from the customer Selection to Substante Tests A. Bow and went on wine whether of accounts receivable along with information for subsequent collection B. Compare recopied revenue to related industry state Tour the storage facility for inventory to determine adequacy of security controls D. Sed confirmations to customers E. Read the financial statements including notes) Collect shipping information is of lading, etc.) from the departments or locations from which products are shipped to the customers for the last five shipments in December and the first five ipments in January and determine that the shipments were appropriately recorded in the correct month's sales register/ledger G. Examine subsequent collections and/or examine evidence of sale/shipment such as the three-way match of related documents Inquire about and observe the procedures being performed by the sales invoicing personnel Discuss the process used by the Credit Manager and the validity of his/her supporting information used to set the credit limits for each new and existing customer Review and test entity level controls and perform analytical/ratio analysis of the current year to the previous year