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Unformatted text preview: Apple Blossom Cologne Company H-3 Analytical Procedures Performed on Accrued Liabilities 1-29-04 December 31, 2003 JWP I performed analytical procedures on the accounts, Dividends Payable and Accrued Property Taxes, to provide explanations for any fluctuations. The following results were obtained: Balance Balance Dollar Percent Account 12 - 31 - 02 12 - 31 - 03 Change Change Dividends payable 17575 23125 5550 32% Accrued prop. tax 14113 21988 7875 56% Although the percentage changes in these accounts are high, the fluctuations can be explained as follows: Dividends Payable The balance of $23,125 agrees with the Board of Directors' meeting of December 5, 2003 per excerpts from the minutes of that meeting filed in the permanent file working papers. Dividend of $2.50 per share was declared payable on January 16, 2004 to shareholders of record at December 31, 2003 with 9,250 shares...
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