When Silvana Mathews Reviewed the Physical Inventory Compilation She Performed

question 47

Multiple Choice

When Silvana Mathews reviewed the physical inventory compilation she performed a procedure that included tracing the cut-off information obtained during the physical inventory
Observation to the accounting records of sales and purchases. Which assertion did this
Procedure satisfy?

• A) valuation and accuracy
• B) completeness
• C) existence
• D) all of the above

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Definitions:

Distress

Describes extreme anxiety, sorrow, or pain, often affecting individuals' mental health and well-being.

Eustress

Positive stress that motivates and focuses energy, often associated with healthy challenges.

Autonomic Nervous System

The part of the nervous system responsible for control of the bodily functions not consciously directed, such as breathing, the heartbeat, and digestive processes.

Fight-or-Flight Response

A physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival, initiating either confrontation or avoidance.