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Unformatted text preview: (a) Insurance coverage. (b) Lease agreements. (c) Leased properties. Completeness 5. Examine insurance policies on hand and check details to prepaid insurance schedule. Valuation or Allocation 6. Test clerical accuracy of detail schedules. 7. Trace beginning balances to prior year's working papers. 8. Trace ending asset balances to balance sheet trial balance and ending amortization balances to income statement trial balance. 9. Based on the terms of each element of prepaid expense, compute amount amortized to expense during year....
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This note was uploaded on 05/06/2009 for the course ACCT ACCT2 taught by Professor Asifbashir during the Spring '08 term at Aarhus Universitet.
- Spring '08