Test bank principles of auditing and other assurance principles chapter 15 debt and equity capital

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... interestbearing debt. #b List seven substantive tests for interest-bearing debt to help the auditors meet the audit objectives.�#�#�#�� Chapter 15 Debt and Equity Capital Answer Key#� �#True / False Questions#�1.�The... objective in the audit of interest-bearing debt? �#A.�Establish the completeness of recorded interest-bearing debt. #B.�Establish the legality of outstanding debt. #C.�Determine that debt is properly... are in the exclusive custody of a responsible officer.#D.�Stock certificates require the signature of two officers.�28.�A primary responsibility of a registrar of capital stock is to:�#A.�Determine
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