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kirill [66]
3 years ago
5

In the audit of notes payable, an auditor testing the ASB balance assertion of accuracy and valuation most likely would: _______

_
a. read directors' and finance committee's minutes for authorization of financing transactions.
b. select a sample of paid notes and trace interest expense to the general ledger account.
c. select a sample of paid notes and recalculate interest expense for the period under audit.
d. select a sample of notes payable and vouch cash receipt to the bank statement.
Business
1 answer:
MariettaO [177]3 years ago
6 0

Answer:

I think it's c

Explanation:

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Answer:

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Explanation:

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3 years ago
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GrogVix [38]

Answer:

The appropriate solution will be "$1320".

Explanation:

The given values are:

Material's actual quantity

= $6600

Standard price

= $2.00

Actual price

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The material price variance will be:

= Actual quantity (Standard price - Actual price)

On substituting the values, we get

= 6600(2.00-2.20)

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