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momoluv25 momoluv25
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A year ago
The audit objective that requires the auditor to determine that notes payable on the notes payable schedule are properly classified can be tested by performing the procedure to

▸ confirm notes payable.

▸ examine corporate minutes for loan approval.

▸ examine notes, minutes, and bank confirmations for restrictions.

▸ review the notes to determine whether any are with related parties.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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nieceyniecey
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A year ago
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momoluv25 Author
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A year ago
This calls for a celebration Person Raising Both Hands in Celebration
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Helped a lot
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You make an excellent tutor!
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