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ang359 ang359
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5 days ago
Which of the following statements is correct regarding the audit of inventory cost accounting?

▸ Cost accounting systems and controls are the same for all manufacturing companies.

▸ All companies that have work-in-process must use a perpetual inventory system.

▸ Auditors test perpetual inventory master files by examining documentation that supports additions and reductions of inventory amounts in the master files.

▸ Manufacturing companies keep their cost accounting records separate from the production and other accounting records.
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Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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angfuciousangfucious
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Auditors test perpetual inventory master files by examining documentation that supports additions and reductions of inventory amounts in the master files.
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ang359
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Posts: 48
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5 days ago
this is exactly what I needed
Ivansitospeed@g
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Yesterday
Good timing, thanks!
lubennick
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2 hours ago
Helped a lot
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