A Client's Inventory Is Recorded at $600,000 and Is Comprised

question 83

Multiple Choice

A client's inventory is recorded at $600,000 and is comprised of 1,000 items.The auditors examined a sample of items with a recorded balance of $100,000 and determined an audited value of $90,000.What is the estimated audited value for inventory?

• A)$90,000
• B)$540,000
• C)$590,000
• D)$666,666

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Definitions:

Empathetic

Having the ability to understand and share the feelings of another person, showing empathy.

Facial Expressions

The movements of the face that convey emotional states, intentions, or social communications.

Fearful Body Posture

A fearful body posture is a physical stance or expression adopted by an individual or animal indicating fear, anxiety, or preparation for defensive actions.

Genuine Smile

A spontaneous expression of happiness or pleasure, typically involving both the mouth and eyes, indicating true enjoyment.