Question: Read the overview below and complete the activities that follow.When a traditional audit begins with the testing of the balance sheet, auditors find that they
Read the overview below and complete the activities that follow.When a traditional audit begins with the testing of the balance sheet, auditors find that they often "test" revenue accounts at the same time.CONCEPT REVIEW:Many revenue accounts are verified by the auditor in conjunction with the audit of a related asset or liability.For each income statement item listed, determine its related balance sheet item by clicking and dragging it into the appropriate balance sheet category.DepreciationAmortizationGains on SaleInterestBad DebtOften reduces the balance of this asset accountAccounts ReceivableNotes PayableProperty and EquipmentSecurities orOtherInvestmentsIntangibleAssets
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