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Shareholders' Equity Reconciliation Procedures

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Shareholders' Equity Reconciliation Procedures

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What is a recommended procedure to reconcile shareholders' equity accounts with general ledger balances?

Inspect certificates of shares held in treasury

Review authorizations and terms of share issues

Confirm shares outstanding with registrar on share and transfer agent

Inspect share certificate book (correct)

Which task involves checking the validity of the number of shares issued?

Inspect certificates of shares held in treasury

Confirm shares outstanding with registrar on share and transfer agent (correct)

Review authorizations and terms of share issues

Inspect share certificate book

What should be done to verify the physical existence of shares held by the company?

Inspect share certificate book

Review authorizations and terms of share issues

Inspect certificates of shares held in treasury (correct)

Confirm shares outstanding with registrar on share and transfer agent

Which action helps in ensuring the accuracy of shareholders' equity accounts in relation to the general ledger?

<p>Inspect share certificate book</p> Signup and view all the answers

What task involves verifying the legality and terms of the issuance of shares?

<p>Review authorizations and terms of share issues</p> Signup and view all the answers

Shareholders' Equity Reconciliation Procedures

Choose a study mode

Podcast

Questions and Answers

What is a recommended procedure to reconcile shareholders' equity accounts with general ledger balances?

Which task involves checking the validity of the number of shares issued?

What should be done to verify the physical existence of shares held by the company?

Which action helps in ensuring the accuracy of shareholders' equity accounts in relation to the general ledger?

What task involves verifying the legality and terms of the issuance of shares?

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