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Author Question: Inventory is often a significant part of a company's current assets. Because of its importance, (Read 47 times)

allihubbard

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on: Aug 21, 2022

Question 1

Handling the receipt of ordered goods is a part of the ________ cycle.
◦ purchasing
◦ acquisition and payment
◦ inventory
◦ inventory and warehousing

Question 2

Inventory is often a significant part of a company's current assets. Because of its importance,
◦ auditors are required by auditing standards to observe the client taking a physical inventory count.
◦ price tests must be performed to verify whether the physical counts were correctly summarized.
◦ companies are required to use perpetual inventory systems.
◦ auditors are required by auditing standards to take the physical inventory for the client.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by allihubbard on Aug 21, 2022

Karla347

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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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allihubbard

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

ashely1112

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

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