15) The following are examples of items improperly recorded as miscellaneous revenue except for? 5 Points O Proceeds from sales of scrap O Rental income O Collections on previously written-off accounts or notes receivable 16) Which of the following procedures is not likely to be completed near completion of an audit? 5 Points O Review the minutes of the meeting O Obtaining an understanding of internal control O Communicate misstatements to management 17) Because the event most likely occurred in the period under audit, which of the following events occurring 5 days after the balance sheet date is most likely going to be an adjusting entry to the financial statements in the period under audit? 5 Points O Settlement of litigation A business combination Early retirement of bonds payable 18) On January 7, 2023: The mineral content of a shipment of ore in route to Hollis Manufacturing Corporation on December 31, 2022, was determined to be 72 percent. The shipment was recorded at year-end at an estimated content of 50 percent by a debit to Raw Materials Inventory and a credit to Accounts Payable in the amount of $82,400. The final liability to the vendor is based on the actual mineral content of the shipment. The review of this subsequent event should result in the following: 5 Points Consideration of a note disclosure as of 2022 An adjusting entry as of 2022 No action is required