Determine the existence of year-end recorded accounts payable and that the client has obligations to pay these liabilities. b. establish the completeness of recorded accounts payable. c. determine that the presentation and disclosure of accounts payable are appropriate. d. determine that the valuation of warranty loss reserves is measured in accordance with gaap.

Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm