An Auditor Concluded That No Excessive Costs for Idle Plant

question 15

Multiple Choice

An auditor concluded that no excessive costs for idle plant were charged to inventory in a client's standard costing system. This conclusion most likely related to the auditor's objective to obtain evidence about the account balance
Assertion for inventory of:

• A) valuation and allocation.
• B) completeness.
• C) existence.
• D) rights and obligations.

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Definitions:

Landscape Orientation

A page or image orientation where the width is greater than the height.

Controls

Elements in a graphical user interface, such as buttons and sliders, that allow a user to interact with the software or device.

Report Design View

An interface in database applications that allows users to visually create and modify the layout and organization of reports.

Arrow Keys

Keys on a keyboard typically used for moving the cursor or insertion point in a specific direction in text documents or navigating through items in a user interface.