Multiple Choice
Ordinarily,it is unnecessary to test the valuation of capital assets recorded in prior periods because
A) it will not affect the current valuations.
B) they were verified in previous audits.
C) the related amortization calculations for the current period are more important.
D) the emphasis of the audit is on the income statement items,not the balance sheet items.
Correct Answer:
Verified
Correct Answer:
Verified
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