Which of the Following Procedures Is Least likely in the Audit

question 21

Multiple Choice

Which of the following procedures is least likely in the audit of capital stock?

• A)Examine all outstanding stock certificates for completeness.
• B)Account for the proceeds from stock issues.
• C)Reconcile shares outstanding with the general ledger.
• D)Evaluate compliance with stock option plans.

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Definitions:

Euro

The official currency of 19 out of the 27 European Union countries, known collectively as the Eurozone.

Net Exports

The value of a country's total exports minus its total imports; it can be a positive number (trade surplus) or a negative number (trade deficit).

Imports

Products or services imported into a country from another for the purpose of selling or utilization.

Net Exports

The value of a country's total exports minus the value of its total imports, measuring the net income from foreign investments.