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What is a recommended procedure to reconcile shareholders' equity accounts with general ledger balances?
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?
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?
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?
Which action helps in ensuring the accuracy of shareholders' equity accounts in relation to the general ledger?
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What task involves verifying the legality and terms of the issuance of shares?
What task involves verifying the legality and terms of the issuance of shares?
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