One of the Primary Reasons for Preparing a Reconciliation Between

question 79

Multiple Choice

One of the primary reasons for preparing a reconciliation between interest-bearing obligations outstanding during the year and interest expense presented in the financial report is to:

• A)ascertain the reasonableness of accrued interest.
• B)detect unrecorded liabilities.
• C)determine the validity of prepaid interest expense.
• D)assess control risk for securities.