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    Business
  3. Study Set
    Auditing Assurance Services
  4. Exam
    Exam 15: Auditing the Financinginvesting Process: Long-Term Liabilities, Stockholders' Equity, and Income Statement Accounts
  5. Question
    You Have Been Assigned the Duty of Auditing Long-Term Debt
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You Have Been Assigned the Duty of Auditing Long-Term Debt

Question 23

Question 23

Essay

You have been assigned the duty of auditing long-term debt and retained earnings for Keys, Inc. Describe the tests you would use to support management's assertions regarding presentation for these accounts.

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The auditor could inspect loan agreement...

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