One of the primary reasons for preparing a reconciliation between interest-bearing obligations outstanding during the year and interest expense presented in the financial report is to:
A)ascertain the reasonableness of accrued interest.
B)detect unrecorded liabilities.
C)determine the validity of prepaid interest expense.
D)assess control risk for securities.

Question

Quizplus · Accepted Answer

The Answer of One of the primary reasons for preparing a reconciliation between interest-bearing obligations outstanding during the year and interest expense presented in the financial report is to:
A)ascertain the reasonableness of accrued interest.
B)detect unrecorded liabilities.
C)determine the validity of prepaid interest expense.
D)assess control risk for securities.

One of the Primary Reasons for Preparing a Reconciliation Between