The audit partners of Bloom CPAs are meeting with the senior management of Custard Company to discuss their upcoming audit of the client's property, plant and equipment accounts. Senior management has mentioned that since the last audit, several new major asset purchases have been made. Which of the following represent items of audit interest to the auditors in this area? (Select all that opply.) The auditors may wish to determine if recently acquired foxed assets are appropriately capitalized. The auditors may wish to determine the rate of return being generated by the client's assets, includingrecently purchased assets. The auditors will likely wish to consider the after-tax cost of the assets, in order to ensure amortization expense amounts on the income statements are accurate. The auditors may wish to determine how the fixed assets purchased were financed. The partners of Flower CPAs have been asked to meet with the senior managers of Glass & Co, a national provider of blown glass and other glassware products to discuss a possible audit of the client's financial statements. During the meeting, the auditors are interested in learning more about the client's current outstanding debt. Which of the following represent viable items to increase their understanding in this area? (Select all that apply) Monica and Steve have been tasked by their supervisor with the audit of a client's financing cycle; specifically the audit of the client's long-term debt accounts. Monica has performed some preliminary testing of internal controls in this area, and found them to be effective and robust. Steve is now planning to conduct substantive procedures and asks Monica if she has any suggestions as to procedures that they should consider performing. Which of the following are appropriate substantive procedures in this area? (Select all that apply] Steve should consider recalculating dividend payments and reviewing minutes of board of directors meetings to ensure appropriate authorizations for dividend payments on long-term debt. Steve could consider key economic drivers that may have influenced the need for the client's long-term debt. Steve could consider recalculating interest expense amounts related to long-term debt issues, to ensure accuracy of accruals and expenses. Steve could consider confurming key details of long-term debt issues with external entities such as banks and other creditors