Cyclical Inventory Counts Differ from Full Inventory Counts in Which

question 13

Multiple Choice

Cyclical inventory counts differ from full inventory counts in which way?

• A) cyclical inventory counts are performed at balance date.
• B) cyclical inventory counts are only performed by internal audit.
• C) cyclical inventory counts may involve counting only a portion of inventory items
• D) they differ in all of the above ways

---

Definitions:

Entrepreneurs

Individuals who initiate, manage, and take the risk of starting and running a new business venture.

Loan

is a sum of money borrowed that is expected to be paid back with interest.

Sales Job

A role that involves promoting and selling products or services to customers, often requiring strong communication and persuasion skills.

Entrepreneurs

Individuals who undertake the creation, organization, and ownership of a new business venture, facing considerable risk and uncertainty but potentially gaining significant rewards.