B-Marts' large proportion of merchandise held on consignment from suppliers. Which account balance assertion for inventory would this cause to be most at risk? Select one: a. Presentation. b. Cut-off . c. None of the given answers is correct. d. Existence.
B-Marts' large proportion of merchandise held on consignment from suppliers. Which account balance assertion for inventory would this cause to be most at risk? Select one: a. Presentation. b. Cut-off . c. None of the given answers is correct. d. Existence.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter11: Auditing Inventory, Goods And Services, And Accounts Payable: The Acquisition And Payment Cycle
Section: Chapter Questions
Problem 8CYBK
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Topic Video
Question
B-Marts' large proportion of merchandise held on consignment from suppliers. Which account balance assertion for inventory would this cause to be most at risk?
Select one:
a.
Presentation.
Presentation.
b.
Cut-off
Cut-off
. |
c.
None of the given answers is correct.
None of the given answers is correct.
d.
Existence.
Existence.
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