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    Business
  3. Study Set
    Auditing Assurance Services
  4. Exam
    Exam 16: Audit of transaction cycles and financial statement balances II
  5. Question
    In Auditing the Retained Earnings Balance for the Year, the Auditor
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In Auditing the Retained Earnings Balance for the Year, the Auditor

Question 21

Question 21

True/False

In auditing the retained earnings balance for the year, the auditor traces the entry in retained earnings to the net earnings shown in the balance sheet.

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