From the Auditor's Point of View,inventory Counts Are More Acceptable

question 8

Multiple Choice

From the auditor's point of view,inventory counts are more acceptable prior to the year-end when:

• A)Internal control is weak.
• B)Accurate perpetual inventory records are maintained.
• C)Inventory is slow-moving.
• D)Significant amounts of inventory are held on a consignment basis.

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Definitions:

L Data

Life record data, a type of data in psychological studies that involves real-world outcomes and behaviors observable in an individual's life.

Expectancy Effect

The influence of researchers' or subjects' expectations on the outcome of a study, potentially biasing results.

Reaction Times

The duration between the presentation of a stimulus and the initiation of a muscular response or reaction by an individual.

Photographs

Images created by recording light or other electromagnetic radiation, either digitally or on a light-sensitive material.