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During the audit of the dividends declared and paid account, what is one procedure the auditor can perform to verify the accuracy of the ($) amount paid. (3 marks)

Question 31 options:

	Compare the total amount of dividends paid as a percent of net income
	Multiply the number of shares issued and outstanding by the dividend per share
	Multiply the number of shares issued and outstanding by EPS
	Divide the net income for the year by the number of autorized shares in the company's articles of incorporation and compare it to the dividend per share

Question 32 (4 points)

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Outstanding Cheques $53,675

Bank Service Charge $ 156

Outstanding Deposits $ 32,500

NSF Cheque from Customer $ 1,860

Bank Statement Balance - November 30/20 $ 28,700

Cash (G/L) Balance - November 30/20 $ 8,568

Interest Earned from Bank $ 973

What is the Adjusted Bank & Cash Balance?

Question 32 options:

	$ 7,525
	$7,369
	$8,498
	$5,665