Top Posters
Since Sunday
25
18
C
11
o
11
b
10
s
10
y
10
E
10
10
k
9
c
9
m
9
New Topic  
bigben0007 bigben0007
wrote...
Posts: 32
Rep: 0 0
5 days ago
An auditor is determining whether an issuance of notes payable for cash was correctly recorded. Her or his best course of action would be to

▸ confirm with the bond trustee as to the amount of bonds issued.

▸ confirm with the underwriter as to the appropriate market yield on the bonds.

▸ trace the cash received from the proceeds to the accounting records.

▸ verify that the amount was included in a footnote disclosure.
Textbook 

Auditing and Assurance Services


Edition: 17th
Authors:
Read 2 times
1 Reply
Replies
Answer verified by a subject expert
browntown345browntown345
wrote...
Posts: 34
Rep: 0 0
5 days ago
Sign in or Sign up in seconds to unlock everything for free
More questions for this book are available here
trace the cash received from the proceeds to the accounting records.

1

Related Topics

wrote...
Posts: 32
Credits: 505

5 days ago
Good timing, thanks!
wrote...
Posts: 143
Credits: 175

Yesterday
Just got PERFECT on my quiz
wrote...
Posts: 135
Credits: 175

2 hours ago
Brilliant
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  107 People Browsing
 124 Signed Up Today
Related Images
 237
 135
 53
Your Opinion
Do you believe in global warming?
Votes: 326

Previous poll results: How often do you eat-out per week?