The auditors principal objective when using a sample of tests of details of balances is whether the: A. account balance being audited is fairly stated. B. controls being tested are operating effectively. C. transactions and account balances being audited are fairly stated. D. transactions being audited are free of misstatements.

Rosie and her brother michael decided recently to purchase an rv together. they both want to use the rv to take their families camping. the price of the rv was $10,000. since michael expects to use the rv 60% of the time and rosie 40% of the time, michael contributed $6,000 and rosie contributed $4,000. their ownership percentage equals their contribution percentage. which type of property titling should they use to reflect their ownership interest?