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Author Question: When performing price tests for purchased inventory, the auditor wouldnotbe concerned with the most ... (Read 72 times)

yagurl

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on: Aug 21, 2022

Question 1

When performing inventory valuation tests, the auditor must be concerned that the method is in accordance with accounting standards.
◦ true
◦ false

Question 2

When performing price tests for purchased inventory, the auditor would not be concerned with the most recent vendors' invoices if the client uses the FIFO valuation method.
◦ true
◦ false
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by yagurl on Aug 21, 2022

ekattan2

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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.
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yagurl

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

jojobee318

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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