The Auditor Must Verify Whether the Physical Counts Were Correctly

question 72

Multiple Choice

The auditor must verify whether the physical counts were correctly summarized,the inventory quantities and prices were correctly extended,and the extended inventory was correctly footed.These tests are called

• A)price tests.
• B)compilation tests.
• C)cost tests.
• D)mechanical tests.

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Definitions:

Actinistia

A subclass of mostly extinct fish, with the modern coelacanths being the only living representatives, characterized by lobed fins.

Coelacanth

A rare order of fish that was thought to be extinct until found alive in 1938, known for its lobed fins which resemble primitive leg structures.

Sacropterygian Fishes

An ancient group of lobe-finned fishes, some of whose descendants evolved into terrestrial vertebrates.

Ancestral

Relating to or inherited from an ancestor or ancestors.