1. keeping track of Securities owners for payment of Interest or dividends is usually done by the company's
a. treasurer
b. broker
c. transfer agent
d. registrar

2. an audit test of recorded interest expense and accrued interest the auditor was able to detect that the recorded interest expense was higher than the calculation shown this may indicate
a. a failure to secure interest occurred
b. interest payments are in default
c. interest payments for a charge to another account
d. interest was paid on an unknown or unrecorded liability