List the relationship, ratio, and trend for reasonableness of accounts payable.

Question

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Answer 1

Question

Chapter 16, Problem 39ICA

a.

To determine

List the relationship, ratio, and trend for reasonableness of accounts payable.

b.

To determine

Explain the test of details of balances audit program for accounts payable.

c.

To determine

Explain the effects of test of details of balances in audit procedure.

d.

To determine

Develop the audit schedule to determine the misstatements for each difference.

e.

To determine

Calculate the estimated misstatement in income statement.

f.

To determine

Estimate the total misstatements in accounts payable.

g.

To determine

Provide conclusion about the fairness of the recorded balance in accounts payable, and its effect.

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Answer 2

Question

Chapter 16, Problem 39ICA

a.

To determine

List the relationship, ratio, and trend for reasonableness of accounts payable.

b.

To determine

Explain the test of details of balances audit program for accounts payable.

c.

To determine

Explain the effects of test of details of balances in audit procedure.

d.

To determine

Develop the audit schedule to determine the misstatements for each difference.

e.

To determine

Calculate the estimated misstatement in income statement.

f.

To determine

Estimate the total misstatements in accounts payable.

g.

To determine

Provide conclusion about the fairness of the recorded balance in accounts payable, and its effect.

Expert Solution & Answer

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Answer 3

Question

Chapter 16, Problem 39ICA

a.

To determine

List the relationship, ratio, and trend for reasonableness of accounts payable.

b.

To determine

Explain the test of details of balances audit program for accounts payable.

c.

To determine

Explain the effects of test of details of balances in audit procedure.

d.

To determine

Develop the audit schedule to determine the misstatements for each difference.

e.

To determine

Calculate the estimated misstatement in income statement.

f.

To determine

Estimate the total misstatements in accounts payable.

g.

To determine

Provide conclusion about the fairness of the recorded balance in accounts payable, and its effect.

Expert Solution & Answer

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Answer 4

Question

Chapter 16, Problem 39ICA

a.

To determine

List the relationship, ratio, and trend for reasonableness of accounts payable.

b.

To determine

Explain the test of details of balances audit program for accounts payable.

c.

To determine

Explain the effects of test of details of balances in audit procedure.

d.

To determine

Develop the audit schedule to determine the misstatements for each difference.

e.

To determine

Calculate the estimated misstatement in income statement.

f.

To determine

Estimate the total misstatements in accounts payable.

g.

To determine

Provide conclusion about the fairness of the recorded balance in accounts payable, and its effect.

Expert Solution & Answer

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Answer 5

Chapter 16, Problem 39ICA

a.

To determine

List the relationship, ratio, and trend for reasonableness of accounts payable.

b.

To determine

Explain the test of details of balances audit program for accounts payable.

c.

To determine

Explain the effects of test of details of balances in audit procedure.

d.

To determine

Develop the audit schedule to determine the misstatements for each difference.

e.

To determine

Calculate the estimated misstatement in income statement.

f.

To determine

Estimate the total misstatements in accounts payable.

g.

To determine

Provide conclusion about the fairness of the recorded balance in accounts payable, and its effect.

Answer 6

Chapter 16, Problem 39ICA

a.

To determine

List the relationship, ratio, and trend for reasonableness of accounts payable.

Answer 7

Chapter 16, Problem 39ICA

a.

To determine

List the relationship, ratio, and trend for reasonableness of accounts payable.

Answer 8

b.

To determine

Explain the test of details of balances audit program for accounts payable.

Answer 9

b.

To determine

Explain the test of details of balances audit program for accounts payable.

Answer 10

c.

To determine

Explain the effects of test of details of balances in audit procedure.

Answer 11

c.

To determine

Explain the effects of test of details of balances in audit procedure.

Answer 12

d.

To determine

Develop the audit schedule to determine the misstatements for each difference.

Answer 13

d.

To determine

Develop the audit schedule to determine the misstatements for each difference.

Answer 14

e.

To determine

Calculate the estimated misstatement in income statement.

Answer 15

e.

To determine

Calculate the estimated misstatement in income statement.

Answer 16

f.

To determine

Estimate the total misstatements in accounts payable.

Answer 17

f.

To determine

Estimate the total misstatements in accounts payable.

Answer 18

g.

To determine

Provide conclusion about the fairness of the recorded balance in accounts payable, and its effect.

Answer 19

g.

To determine

Provide conclusion about the fairness of the recorded balance in accounts payable, and its effect.

Answer 20

Expert Solution & Answer

Answer 21

Expert Solution & Answer

Answer 22

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Answer 23

Ch. 16 - Prob. 1RQ Ch. 16 - Prob. 2RQ Ch. 16 - Prob. 3RQ Ch. 16 - Prob. 4RQ Ch. 16 - Explain why you agree or disagree with the...Ch. 16 - Prob. 6RQ Ch. 16 - Prob. 7RQ Ch. 16 - Prob. 8RQ Ch. 16 - Prob. 9RQ Ch. 16 - Prob. 10RQ

List the relationship, ratio, and trend for reasonableness of accounts payable.

Solution Summary: The author explains the relationship, ratio, and trend for reasonableness of accounts payable.

List the relationship, ratio, and trend for reasonableness of accounts payable.

Explain the test of details of balances audit program for accounts payable.

Explain the effects of test of details of balances in audit procedure.

Develop the audit schedule to determine the misstatements for each difference.

Calculate the estimated misstatement in income statement.

Estimate the total misstatements in accounts payable.

Provide conclusion about the fairness of the recorded balance in accounts payable, and its effect.

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Chapter 16 Solutions