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CaHeK987 [17]
2 years ago
8

It is frequently possible to test the physical inventory prior to the balance sheet date whenA.the internal control system is no

better at year-end than at an earlier point in time. B.the client counts inventory at interim dates. C.the perpetual inventory records are accurate and related controls operate effectively. D.year-end sales are small.
Business
1 answer:
rusak2 [61]2 years ago
5 0

Answer: C.the perpetual inventory records are accurate and related controls operate effectively

Explanation: When the perpetual inventory records are accurate and related controls operate effectively, it is frequently possible to test the physical inventory prior to the balance sheet date.  An auditor will generally decide whether the inventory count can be taken before year-end primarily on the basis of accuracy of the perpetual inventory master files.

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When megan purchased several bottles of pepsi beverages and snacks to bring to her family's holiday celebration, it represented
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There are five basic steps to personal financial planning and their related tasks. Arrange these steps and examples of related t
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Answer:

B. Evaluate your financial health. Record all expenses for a month to compare income and expenses.

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The five basic steps of financial planning are evaluate, define, develop, implement, and review, or EDDIR for short. It basically by knowing your current position and defining how you want to be in the future. Then you must develop a plan and try to implement that plan. After some prudent time, you should go back and review if the plan was successful or not.

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