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Rebecca and Juan are discussing the audit of property, plant and equipment for one of their largest audit clients one day over lunch. Rebecca tells
Rebecca and Juan are discussing the audit of property, plant and equipment for one of their largest audit clients one day over lunch. Rebecca tells Juan that she has been assigned to the audit of this area and has been tasked with examining the client's investing activities. Rebecca asks Juan what would be included in investing activities. Which of the following examples would be included in investing activities? (Select all that apply.) The audit client recently purchased a new factory building as part of a major expansion plan. The audit client recently purchased long-term bonds from a prominent, publicly-traded firm. | The audit client recently issued bonds to help pay for the major expansion. The audit client recently declared and paid dividends to all stockholders of record as of the last day of their fiscal year
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