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Answer: D
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An auditor's program to examine long-term debt should include steps that require:
A. Investigating credits to the bond interest income account.
B. Examining bond trust indentures.
C. Inspecting the accounts payable subsidiary ledger.
D. Verifying the existence of the bondholders.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. Examination of bond trust indentures should be included in audit program of long-
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Answer:
Explanation:
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