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A continuing audit client's property, plant, and equipment and accounts payable accounts have approximately the...

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Accounting

A continuing audit client's property, plant, and equipment and accounts payable accounts have approximately the same year-end balance. In this circumstance, when compared to property, plant and equipment, one would normally expect the audit of accounts payable to require:

A continuing audit client's property, plant, and equipment and accounts payable accounts have approximately the same year-end balance. In this circumstance, when compared to property, plant and equipment, one would normally expect the audit of accounts payable to require:

Approximately the same amount of audit time.

Similar confirmation procedures.

Less audit time.

More audit time.

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