EBK AUDITING+ASSURANCE SERVICES
EBK AUDITING+ASSURANCE SERVICES
17th Edition
ISBN: 9780135171219
Author: ARENS
Publisher: PEARSON CO
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Chapter 6, Problem 18RQ
To determine

Identify the management assertion and general balance-related audit objective for the specific balance-related audit objective.

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An analyst has projected that Gina Corp will have assets of $12,500 at year-end and liabilities of $8,900. The analyst's projection of total owners' equity should be closest to: A. $3,600 B. $4,200 C. $2,900
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Accounting answer please
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