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danyyzz danyyzz
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A year ago
The first step in verifying the valuation of purchased inventory is in determining the valuation method used by the client. The next step is

▸ determining that all inventory that is purchased is expensed through cost of goods sold.

▸ determining which costs should be included in the valuation of an item of inventory.

▸ determining that all inventory on hand reconciles to the perpetual inventory records.

▸ determining that cut-off procedures have been adhered to prior to counting inventory.
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Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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Quins184Quins184
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A year ago
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danyyzz Author
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this is exactly what I needed
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This site is awesome
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Smart ... Thanks!
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