Auditing & Assurance Services: A Systematic Approach (Irwin Accounting)
Auditing & Assurance Services: A Systematic Approach (Irwin Accounting)
10th Edition
ISBN: 9780077732509
Author: William F Messier Jr, Steven M. Glover Associate Professor, Douglas F. Prawitt Associate Professor
Publisher: McGraw-Hill Education
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Chapter 15, Problem 15.7RQ
To determine

Concept Introduction:

Share capital transaction: Share capital transactions include issue or buyback of shares, payment of dividends, etc. Auditors are required to check these transactions to check the disclosures required as per accounting standards.

To indicate: Two common disclosures for the stockholder’s equity and need of such disclosures.

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