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R13.7: Explain the relationship between the repairs and maintenance expense account and the PPE asset account. Why is the auditor interested in examining debits to
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R13.7: Explain the relationship between the repairs and maintenance expense account and the PPE asset account. Why is the auditor interested in examining debits to both accounts when auditing PPE? Explain your answer with reference to the assertions at risk.
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R13.9: Explain why completeness is a more critical assertion for long-term debt than for cash, inventory, or PPE. What procedures are primarily designed to address the completeness assertion for long-term debt?
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