GEN COMBO LL PRINCIPLES OF AUDITING & OTHER ASSURANCE SERVICES; CONNECT AC
GEN COMBO LL PRINCIPLES OF AUDITING & OTHER ASSURANCE SERVICES; CONNECT AC
21st Edition
ISBN: 9781260427202
Author: Ray Whittington, Kurt Pany
Publisher: McGraw-Hill Education
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Chapter 15, Problem 34P

a.

To determine

Provide an audit procedure for identifying that the client has a current ratio of at least 1.5 to 1.

b.

To determine

Provide an audit procedure for identifying that the client has paid the dividend as per the given conditions.

c.

To determine

Provide an audit procedure for identifying that the client has pledged the accounts receivable and inventory.

d.

To determine

Provide an audit procedure for identifying that the client has not paid more than $800,000 to the presidents and vice president for salary.

e.

To determine

Provide an audit procedure for identifying that the client has made monthly payments as per the agreement are due by the 10th of the following month.

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GEN COMBO LL PRINCIPLES OF AUDITING & OTHER ASSURANCE SERVICES; CONNECT AC

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Accounts Receivable and Accounts Payable; Author: The Finance Storyteller;https://www.youtube.com/watch?v=x_aUWbQa878;License: Standard Youtube License