In auditing the retained earnings, the following items does not concern the auditor even if it was not approved by the Board of Directors. a. Issuance of convertible debt securities b. Issuance of redeemable preferred shares c. Declaration of 20% share dividends d. Changes in retained earnings due to closing of net income
In auditing the retained earnings, the following items does not concern the auditor even if it was not approved by the Board of Directors. a. Issuance of convertible debt securities b. Issuance of redeemable preferred shares c. Declaration of 20% share dividends d. Changes in retained earnings due to closing of net income
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In auditing the
a. Issuance of convertible debt securities
b. Issuance of redeemable
c. Declaration of 20% share dividends
d. Changes in retained earnings due to closing of net income
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