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  3. Study Set
    Auditing and Assurance Services Study Set 2
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    Exam 14: Auditing the Financinginvesting Process: Prepaid Expenses, Intangible Assets, and Property, Plant, and Equipment
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    Which of the Following Is the Best Evidence of Real
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Which of the Following Is the Best Evidence of Real

Question 7

Question 7

Multiple Choice

Which of the following is the best evidence of real estate ownership at the balance sheet date?


A) Title insurance policy.
B) A duplicate of the original deed held in the entity's safe.
C) Paid real estate tax bills.
D) Closing statements.

Correct Answer:

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