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rjkz [21]
3 years ago
12

Which of the following auditing procedures will provide evidence to support management’s assertions regarding the allocation and

valuation of inventories?
A) Vouching inventories to receiving documents.
B) Determining the replacement cost of inventories.
C) Vouching inventory counts to accounting records.
D) Tracing items reported in the accounting records to inventory counts.
Business
1 answer:
Rudiy273 years ago
4 0

Answer:   Option C

                                                     

Explanation: In simple words, vouching refers to the process in which an auditor confirms that something is accurate and true as described earlier.

      While performing auditing, the auditor performs the vouching function by physically counting the inventory and compare the count results with the statements that are presented by the firm to make sure that the documents are accurate.

Hence from the above we can conclude that the correct option is C.

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The following cost data pertain to the operations of Quinonez Department Stores, Inc., for the month of September. Corporate hea
Harlamova29_29 [7]

Answer:

$41,960

Explanation:

Direct costs are costs that are specific to a certain product, service or in this case, department or business unit. They are not shared with other products, services or business units.

The direct costs allocated to the Cosmetics Department are:

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4 years ago
How has globalization made countries more interdependent? Check all that apply. Countries now rely on one another for vital reso
Wewaii [24]

How has globalization made countries more interdependent? Check all that apply.


Countries now rely on one another for vital resources.

Countries now rely on each other for new industries.

Countries now rely on one another for chances to import.

Countries now rely on one another for an employment base.

Countries rely on each other for cheaper products.

Countries now rely on one another for chances to export.


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3 0
3 years ago
Read 2 more answers
Incapacity or death, bankruptcy, or destruction of property are examples of circumstances where agency terminates by ______.
RoseWind [281]

Incapacity or death, bankruptcy, or destruction of property are examples of circumstances where an agency terminates by Operation of law.

This is further explained below.

<h3>What is the Operation of law.?</h3>

Generally, A legal circumstance in which a person acquires certain rights (or occasionally duties) without having to take any action, needs the cooperation of another person, or is the subject of a judicial order.

In conclusion, Incapacity or death, financial ruin, or the loss of property are some examples of situations that might result in the termination of an agency as a result of the operation of the legislation.

Read more about the Operation of law.

brainly.com/question/9780698

#SPJ1

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The answer is

d) All of the above
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frez [133]
To answer the question above as the which specifies the sales revenue and selling distribution and marketing costs is letter B, Sales budget. The answer lies in the question itself. Sales revenues,distribution and the marketing cost are all related to the sales budget. Sales budget controls the expenditure or resources related to sales.
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3 years ago
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