Which of the Following Is a Key Substantive Test of Transactions

question 23

Multiple Choice

Which of the following is a key substantive test of transactions for the long-term debt and owner's equity process?

• A)obtain an analysis of notes payable,long-term debt,and lines of credit that are included in the financial statements
• B)obtain an analysis of notes payable,long-term debt,and lines of credit that originated during the year under audit
• C)obtain an analysis of the activity in the capital stock accounts,including opening balances,closing balances,and all transactions recorded in the capital stock accounts during the year
• D)obtain an analysis of accounts payable,notes payable,long-term debt,and lines of credit that originated during the year under audit
• E)both A and B
• F)both B and C
• G)both D and E