There Is a Direct Relationship Between the Interest and Dividend

question 26

Multiple Choice

There is a direct relationship between the interest and dividend accounts and debt and equity.This means that in the audit of interest-bearing debt,it is desirable to simultaneously verify

• A)the related dividends declared and dividends payable.
• B)the related interest expense and interest payable.
• C)contracts and commitments that are long-term.
• D)details provided in the board of directors' minutes.

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