Which of the Following Is Not a Function of Maintaining

question 25

Multiple Choice

Which of the following is not a function of maintaining inventory records?

• A) physically comparing inventory with inventory records.
• B) recording the movement of goods into inventory.
• C) ordering goods.
• D) recording the movement of goods from inventory.

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Definitions:

SEC

The Securities and Exchange Commission, a U.S. federal agency responsible for enforcing federal securities laws and regulating the securities industry, stock and options exchanges.

FASB

The Financial Accounting Standards Board, an organization responsible for establishing and improving financial accounting standards in the United States.

Financial Accounting Standards Board

An independent organization responsible for establishing and improving standards of financial accounting and reporting for the guidance and education of the public, including issuers, auditors, and users of financial information.

SEC

The Securities and Exchange Commission, a U.S. government agency that oversees and regulates the securities markets to protect investors.