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Determine which audit objective in audit of owners equity

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Reference no: EM132471637

Question 1: Which of the following is most likely to be an audit objective in the audit of owners' equity?

Multiple Choice

Option 1: Establish that recorded owners' equity includes all long-term debt and equity balances.

Option 2: Determine that common stock is valued at current market value.

Option 3: Determine that the presentation and disclosure of owners' equity are appropriate.

Option 4: Determine that the existence of recorded owner's equity is in conformity with equity accounting rule valuations.

Reference no: EM132471637

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