The Auditor Multiplies the Quantity of Inventory on the Inventory

question 105

True/False

The auditor multiplies the quantity of inventory on the inventory ledger by the cost of the inventory to arrive at total inventory balance per product number.This is an example of recalculation by footing.

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External Environment

The external forces outside an organization that affect its operations, including economic, legal, political, technological, and social factors.

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