When Auditing Merchandise Inventory at Year-End, the Auditor Performs a Purchase

question 56

Multiple Choice

When auditing merchandise inventory at year-end, the auditor performs a purchase cutoff test to obtain evidence that

• A)all goods purchased before year-end are received before the physical inventory count.
• B)no goods held on consignment for customers are included in the inventory balance.
• C)no goods observed during the physical count are pledged or sold.
• D)all goods owned at year-end are included in the inventory balance.

---

Definitions:

Perpetrators

refer to individuals who commit acts of violence, harm, or criminal offenses against others.

Brave Heart's Intervention

is a therapeutic model designed to address historical trauma among Native American populations, focusing on healing and resilience.

Lakota Sioux

A Native American tribe, part of the Great Sioux Nation, known for their rich history, culture, and language, primarily residing in parts of North and South Dakota.

PTSD Symptoms

Manifestations of Post-Traumatic Stress Disorder, which can include flashbacks, severe anxiety, uncontrollable thoughts about a traumatic event, and more.