Your Client Counts Inventory Three Months Before the End of the Fiscal

question 56

Multiple Choice

Your client counts inventory three months before the end of the fiscal year. Internal controls over inventory are excellent. Which procedure is not necessary for the inventory roll-forward?

• A)Check that shipping documents for the last three months agree with perpetual records.
• B)Tracing receiving reports for the last three months to perpetual records.
• C)Compare gross margin percentages for the last three months.
• D)Request the client to recount inventory at the end of the year.

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Definitions:

Horney's Psychoanalytic

Karen Horney's approach to psychoanalysis, which challenges Freud's theories, emphasizing social relationships and culture over biological drives in the development of personality.

Neurotic Needs

In Karen Horney's theory, these are irrational strategies for coping with emotional distress that can lead to unhealthy behavior patterns.

Case Study

A research method involving an up-close, in-depth, and detailed examination of a subject of study, as well as its related contextual conditions.

Neurotic Trends

Patterns or tendencies in behavior and thought that are considered maladaptive, often related to neurotic needs and contributing to personal distress or dysfunction.