Selecting a Sample of Quantities of Inventory in the Warehouse

question 32

Multiple Choice

Selecting a sample of quantities of inventory in the warehouse and tracing each item to the final stock sheets helps address which of the following assertions in respect of inventory?

• A)Completeness.
• B)Valuation and allocation.
• C)Existence.
• D)Rights and obligations.

---

Definitions:

Crop

Cultivated plants or agricultural produce, such as grain, vegetables, or fruit, considered as a group.

Gizzard

A muscular, specialized stomach found in some animals including birds and insects, used for grinding up food, often with the aid of ingested stones or grit.

Stereoscopic Vision

A type of vision that provides depth perception due to the slightly different views each eye has of the same object.

Opposable Thumb

A thumb that can be moved into position to touch the fingers, enabling grasping and manipulation of objects.