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When Conducting the Audit of Stockholders' Equity, It Is Normal

Question 41

Multiple Choice

When conducting the audit of stockholders' equity, it is normal practice to verify all capital stock transactions


A) only when the client is small.
B) that are in excess of a material amount.
C) if there aren't very many during the year.
D) regardless of the controls in existence, because of their materiality and permanence in the records.

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