In Auditing Long-Term Bonds Payable, an Auditor Most Likely Would

Multiple Choice

In auditing long-term bonds payable, an auditor most likely would:

A) perform analytical procedures on the bond premium and discount accounts.
B) examine documentation of assets purchased with bond proceeds for liens.
C) compare interest expense with the bond payable amount for reasonableness.
D) confirm the existence of individual bondholders at year-end.