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When Silvana Mathews Reviewed the Physical Inventory Compilation She Performed

Question 38

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

Correct Answer:

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