In Testing Plant and Equipment Balances,an Auditor May Inspect New

question 55

Multiple Choice

In testing plant and equipment balances,an auditor may inspect new additions listed on the analysis of plant and equipment.This procedure is designed to obtain evidence concerning management's assertion(s) about

• A) presentation and disclosure.
• B) existence or occurrence.
• C) both (1) presentation and disclosure and (2) existence and occurrence.
• D) neither (1) presentation and disclosure nor (2) existence and occurrence.

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