In Auditing Debits and Credits to Retained Earnings, OTHER Than

question 57

Multiple Choice

In auditing debits and credits to retained earnings, OTHER than net income and dividends, the auditors first concern is:

• A)whether the transactions should have been included in retained earnings.
• B)whether the transactions have been accurately recorded.
• C)whether the transactions are classified correctly in the footnotes.
• D)whether the transactions existed as of the balance sheet date.

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