Which of the Following Is Not a Typical Assertion Relating

question 65

Multiple Choice

Which of the following is not a typical assertion relating to owners' equity?

• A)The number of shares shown as issued is in fact issued.
• B)The accounting is proper for options, warrants, and other stock issue plans, and related disclosure is adequate.
• C)All owners' equity transactions have been authorized by the board of directors.
• D)The valuation of shares issued for noncash consideration is reflected at book value.

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