Which Statement Is Most Correct

question 43

Multiple Choice

Which statement is most correct?

• A) In observing physical inventory, the auditor has a responsibility to both take and supervise the taking of inventory.
• B) In observing physical inventory, the auditor has no responsibility to take or supervise the taking of inventory.
• C) In observing physical inventory, the auditor is only responsible for supervising the taking of inventory.
• D) In observing physical inventory, the auditor is responsible for the taking of inventory.

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Definitions:

Inventory

A complete list of items such as property, goods in stock, or the contents of a building.

Comet Bathroom Cleaner

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Unique Home Décor

Distinctive and uncommon items or styles used to furnish and decorate a living space.