When a company has treasury stock certificates on hand, a year-end count of the certificates by the

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When a company has treasury stock certificates on hand, a year-end count of the certificates by the auditor is

a. Not required when the treasury stock is confirmed by the corporate secretary.

b. Always required.

c. Not required if treasury stock is a deduction from stockholders' equity.

d. Required if the company had treasury stock transactions during the year.

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Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

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Question Posted: May 08, 2024 01:29 AM

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When a company has treasury stock certificates on hand, a year-end count of the certificates by the

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The correct answer is d Required if the company had treasury stock ...View the full answer

Auditing An Assertions Approach

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