You are assigned to perform a review of minutes of meeting for the year end audit ending December 31, 2021. Which of the following agendas would least likely affect the total liabilities of the entity?
You are assigned to perform a review of minutes of meeting for the year end audit ending December 31, 2021. Which of the following agendas would least likely affect the total liabilities of the entity?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
You are assigned to perform a review of minutes of meeting for the year end audit
ending December 31, 2021. Which of the following agendas would least likely affect
the total liabilities of the entity?
A. The payment of real property taxes for the year 2021 at the beginning of 2021.
B. The approval of the board of directors of the issuance of a S-year term bond last September
2021.
C. Property dividends declared on December 27, 2021
D. The settlement of a pending litigation with another entity on January 5, 2022.
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