1) Which of the following income accounts are audited in conjunction with property, plant, and equipment? 5 Points Miscellaneous expense O General and administrative expense O Repairs and maintenance 2) For a public company audit, the auditors are primarily responsible for preparing the financial statements and expressing an opinion on whether they follow generally accepted auditing standards. 5 Points True False 3) An audit should be designed to detect non-compliance with all laws. 5 Points False True 4) Which accounts are most likely to be audited when auditing accounts receivable? 5 Points Sales and bad debt expense Interest and cost of goods sold Interest and bad debt expense 5) For the income statement item "bad debt," what is its related balance sheet item? 5 Points Accounts receivable Notes payable Property, plant, and equipmet