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| In establishing the existence and ownership of long-term investments in the form of publicly traded stock, an auditor most likely would inspect the securities or A. Apply analytical procedures to the dividend income and investments accounts. B. Correspond with the investee company to verify the number of shares owned. C. Inspect the cash receipts journal for amounts that could represent the sale of securities. D. Confirm the number of shares owned that are held by an independent custodian. |