If the Auditor Wants to Obtain Evidence as to Whether

Multiple Choice

If the auditor wants to obtain evidence as to whether the dividend payment was made to the stockholders who owned the stock as of the dividend record date,which of the following would the auditor do?

A) Recalculate the dividends per share.
B) Examine the minutes of the board of directors' meetings for authorization.
C) Trace the payee's name on the canceled check to the dividend records.
D) Determine that dividend restrictions are adequately disclosed in the financial statements.