1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Taylor loves the lifestyle associated with being a salesperson, allowing her to take a day off during the week and make it up on
Readme [11.4K]

Answer: Flexibility

Explanation:

  According to the question, Taylor likes the flexible values so that she creates her own comfortable schedule.

The flexibility in the schedule provide the job satisfaction and balanced the life as she loves the lifestyle of being sales person.

It also helps in reduce the stress if you are satisfied with the work-life balance and also increase the productivity of an organization. Therefore, Flexibility is the correct answer.

3 0
3 years ago
A $200 petty cash fund has cash of $20 and receipts of $177. The journal entry to replenish the account would include a credit t
IRISSAK [1]

A $200 petty cash fund has cash of $20 and receipts of $177. The journal entry to replenish the account would include a credit to:

d. Cash for $180

Explanation: As observed above the petty cash receipts are falling short of $3, But that will be adjusted with expenses as its a small amount and balance of $200 needs to be maintained in the petty cash.

6 0
3 years ago
Read 2 more answers
When women and minorities hit an invisible barrier within an organization that, because of discrimination, prevents individuals
gregori [183]
<span>This invisible barrier is called the glass ceiling. There are multiple factors that enable such a thing, including (but not limited to) prejudices against women in the work place, lack of recruitment of women to certain types of jobs that are historically performed by men (i.e. science, engineering, etc), and lack of mentoring on the job.</span>
5 0
3 years ago
Read 2 more answers
In which part of a résumé would you mention the names and contact details of your previous employers?
S_A_V [24]

Answer:

work experience is the correct answer for PLATO

5 0
3 years ago
Read 2 more answers
For a qualifying relative to be claimed as a dependent, a person must either be related to the taxpayer, or be a member of the t
Burka [1]

Answer:

The correct option is (C)

Explanation:

To be able to claim somebody as a dependent, the person has to qualify 4 tests. They are:

  • Lineal descendant
  • Must live with the taxpayer for more than a year
  • Should be below 19 years or under 24 if a full time student
  • Cannot file return on their own.

If a person who is not a lineal descendant to be claimed as a dependent needs to be a part of taxpayer's household for 365 days (whole year).

In this case, taxpayer's cousin is not a lineal descendant. Rest of them (sister, father and son-in-law) are lineal descendants. So, cousin has to stay with the taxpayer for the entire year.

5 0
3 years ago
Other questions:
  • On January 1, 2015, Fullbright Company sold goods to Blue Dirt Company for $400,000 in exchange for a 4-year, zero-interest-bear
    11·1 answer
  • How is going public a way to secure capital without going into debt? Name a company that has held an IPO.
    7·1 answer
  • Weber Company purchases $50,000 of raw materials on account, and it incurs $60,000 of factory labor costs. Supporting records sh
    11·1 answer
  • Which of the following statements is correct? a. Vertical equity is the idea that taxpayers with similar abilities to pay taxes
    10·1 answer
  • Christian wants to start a business. He is attracted to the idea of being his own boss, Christian wants to start a new business.
    7·1 answer
  • Cameron is choosing a car insurance plan. Based on his driving history and traffic where he lives, Cameron estimates that there
    6·1 answer
  • Innovators at 3M developed Scotchbrite Greener Clean scrub sponges from spiky agave plant leaves. Customers appreciate this supe
    12·1 answer
  • Doris lewis owns lewis edibles, inc., a company that makes tongue tinglin' bbq sauce. she wants to target local people who like
    6·1 answer
  • Identify the difference, advantages and disadvantages between Intuition Assessment and Structured Analytical Techniques (SAT).
    5·1 answer
  • Where would the equllbrillim price be located, and how much is the equllbrillim price?
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!