An Auditor Testing Long-Term Investments Would Ordinarily Use Substantive Analytical

Multiple Choice

An auditor testing long-term investments would ordinarily use substantive analytical procedures as the primary audit evidence to support the reasonableness of the

A) Valuation of marketable equity securities.
B) Classification of gains and losses on the disposal of securities.
C) Completeness of recorded investment income.
D) Existence and ownership of investments.