Three of the audit objectives related to accounts receivable of Morris Corporation are:

a. Verify the existence of the accounts receivable

b. Determine that accounts receivable are valued according to generally accepted accounting principles (GAAP). In this situation, GAAP requires that they be valued at their net realizable value.

c. Determine that all required disclosures related to accounts receivable are included on the balance sheet and in the notes to the financial statements.

For each audit objective, identify two substantive tests that would provide evidence to support the objective. Briefly explain how the tests you selected will address the specific objective.