When Using Analytical Procedures in the Long-Term Debt and Owner's

question 75

Multiple Choice

When using analytical procedures in the long-term debt and owner's equity process,the auditor might consider

• A)the type of long-term debt purchased and sold in the current year and the prior year
• B)the average interest rate on long-term debt in the current year and the prior year
• C)the average interest rate earned on the owner's equity
• D)the current interest rate on long-term debt

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