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    Auditing and Assurance Services Study Set 2
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    Exam 22: Audit of the Capital Acquisition and Repayment Cycle
  5. Question
    When a Company Maintains Its Own Records of Stock Transactions
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When a Company Maintains Its Own Records of Stock Transactions

Question 85

Question 85

Essay

When a company maintains its own records of stock transactions and capital stock outstanding, its internal controls must be adequate to accomplish three objectives. List them below.

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1. Actual owners of the stock are recogn...

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