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edelynpl edelynpl
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2 weeks ago
Which of the following statements is correct regarding the audit of dividends?

▸ The emphasis is on the ending balance in the dividends account.

▸ When auditors verify that the dividends are paid to stockholders that exist, they are concerned with the completeness objective.

▸ If the client uses a transfer agent to disburse dividends, the total can be traced to a cash disbursement entry to the agent and also confirmed.

▸ All of these are correct statements.
Textbook 

Auditing and Assurance Services


Edition: 17th
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kitty123kitty123
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If the client uses a transfer agent to disburse dividends, the total can be traced to a cash disbursement entry to the agent and also confirmed.

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