This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is an accurate statement regarding perpetual inventory master files? (Read 86 times)

madimontg

  • Full Member
  • ***
  • Posts: 127
on: Aug 21, 2022

Question 1

Which of the following is a significant audit concern related to the transfer of inventory from one location to another?
◦ Recorded transfers occurred.
◦ Transfers were properly transported.
◦ Transfers were properly planned.
◦ Transfers represent efficient movement of assets.

Question 2

Which of the following is an accurate statement regarding perpetual inventory master files?
◦ When perpetual inventory master files are accurate, auditors can test the physical inventory after the balance sheet date.
◦ It is a difficult procedure for the auditor to test the accuracy of the perpetual inventory master files.
◦ Auditors test the perpetual records for reductions in finished goods for sale as part of the sales and collection cycle.
◦ All of these are accurate statements.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by madimontg on Aug 21, 2022

kaelamcrone

  • Full Member
  • ***
  • Posts: 167
Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


madimontg

  • Member
  • Posts: 127
Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

ktidd

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Inventory of the Universe Inventory of the Universe
The correct statement about hormones-insulin and glucagon The correct statement about hormones-insulin and glucagon
The MMPI personality inventory The MMPI personality inventory
Caleb Goodwin, Inventory of Slaves and Livestock. Caleb Goodwin, Inventory of Slaves and Livestock.
Example of Reconciling a Bank Statement Example of Reconciling a Bank Statement
Biology Forums - Master Your Courses (2017 Edition) Biology Forums - Master Your Courses (2017 Edition)
Video: Phases of an Action Potential - Resting Potential, Threshold, Rising, Falling, & Recovery Phases

For a complete list of videos, visit our video library