Solved

Which One of the Following Analytical Procedures Would Be Most

Question 60

Multiple Choice

Which one of the following analytical procedures would be most helpful in alerting the auditor to the possibility of obsolete inventory?


A) comparing gross margin percentage with previous years
B) comparing unit costs of inventory with previous years
C) comparing inventory turnover with previous years
D) comparing current year manufacturing costs with previous years

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions