Osage Corporation began business operations and experienced the following transactions during Year 1:1) Issued common stock for $25,000 cash2) Issued a $20,000, 6% 4-year note to the bank on February 13) Provided services to customers for $80,000 cash4) Paid $38,000 for operating expenses5) Accrued interest expense on the note6) Paid a $4,000 dividend to shareholdersRequired:Record the above transactions on a horizontal statements model to reflect their effect on Osage's financial statements. In the last column, enter OA, IA, FA for the type of cash flow activity, or NA if there is no activity. 
What will be an ideal response?
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A. Risk assessment procedures, tests of controls, and substantive procedures. B. Substantive procedures, risk assessment procedures, and tests of controls. C. Risk assessment procedures, substantive procedures, and tests of controls. D. Substantive procedures, tests of controls, and risk assessment procedures.
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Answer the following statement true (T) or false (F)