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

Author Question: There must be a periodic physical count by the client of the inventory items on hand (Read 12 times)

Dannyrod2

  • Full Member
  • ***
  • Posts: 160
on: Aug 21, 2022

Question 1

The test of details of balance procedure which requires the auditor to account for unused inventory tag numbers to make sure none have been deleted is associated with the audit objective of
◦ accuracy.
◦ existence.
◦ detail tie-in.
◦ completeness.

Question 2

There must be a periodic physical count by the client of the inventory items on hand
◦ only if the client uses the LIFO method.
◦ only if the client uses a lower-of-cost-or-market method.
◦ regardless of the client's inventory valuation method.
◦ only if the client uses either the LIFO or FIFO method.
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 Dannyrod2 on Aug 21, 2022

risolinick@gmail.com

  • Full Member
  • ***
  • Posts: 150
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 29% of students answer this correctly


Dannyrod2

  • Member
  • Posts: 160
Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

Joy Chen

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Your heart beats over 36 million times a year.

A physician is performing a colonoscopy on a client and viewing the internal structures of the colon A physician is performing a colonoscopy on a client and viewing the internal structures of the colon
Hand placement for pulse checks Hand placement for pulse checks
The relation between the physical and perceptual dimensions of sound. The relation between the physical and perceptual dimensions of sound.
Right-hand Rule Right-hand Rule
Physical Findings of Tension Pneumothorax Physical Findings of Tension Pneumothorax
Video: Bulk flow - factors that influence bulk flow

For a complete list of videos, visit our video library