EP AUDITING+ASSURANCE...-MYACCT.LAB
EP AUDITING+ASSURANCE...-MYACCT.LAB
16th Edition
ISBN: 9780134148656
Author: ARENS
Publisher: PEARSON CO
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Chapter 13, Problem 22.3MCQ
To determine

Idntify the considerations of the auditor while developing the overall audit strategy.

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Danforth Systems has: • • • Current assets = $8,400 Net fixed assets = $35,200 Current liabilities = $7,100 Long-term debt = $15,500 a) The value of the shareholders' equity account. b) The net working capital.
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