An Auditor Usually Tests the Reasonableness of Dividend Income from Investments

Multiple Choice

An auditor usually tests the reasonableness of dividend income from investments in publicly-held companies by computing the amounts that should have been received by referring to:

A) Dividend record books produced by investment advisory services.
B) Stock indentures published by corporate transfer agents.
C) Stock ledgers maintained by independent registrars.
D) Annual audited financial statements issued by the investee companies.