3 of 34 The auditor determines that both of the following objectives will be part of the audit of Anthony Co. For each of the following audit objectives, select the substantive test that would most likely provide support for the objective. Choose only one answer from A-E for each objective OBJECTIVE 1. Determine that accounts receivable are valued at their net realizable value 2. Determine that proper receivable disclosures are presented 3. Verify existence of accounts receivable Selection List A. Review and assess an aging schedule of accounts receivable. B. Compare recognized revenue to related industry statistics. C. Tour the storage facility for inventory to determine adequacy of security controls. D. Send confirmations to customers E. Read the financial statements (including notes) E