Which of the Following Circumstances Would Be a Valid Reason

question 11

Multiple Choice

Which of the following circumstances would be a valid reason to estimate the amount of inventory that is on hand at the end of the period?

• A)To complete the company's annual income tax return
• B)To avoid taking a physical count of inventory
• C)To test for financial statement manipulation
• D)All of the answer choices are valid reasons for estimating the ending inventory.

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Definitions:

Echolalia

The repetition of phrases or sounds someone else has made, often observed in individuals with certain developmental disorders, such as autism.

Repetitious Verbal Mimicking

The act of consistently imitating speech sounds or words, often seen in developmental or neurocognitive disorders.

Autism Spectrum Disorder

A developmental disorder characterized by difficulties in social interaction and communication, along with restricted or repetitive patterns of thought and behavior.

Pervasive Developmental Disorder

A category of developmental disorders that involve delays in the development of many basic skills, often replaced by the term Autism Spectrum Disorder.