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  2. Topic
    Business
  3. Study Set
    Auditing and Assurance Services
  4. Exam
    Exam 7: Completing the Tests in the Acquisition and Payment Cycle: Verification of Selected Accounts, Audit of the Payroll and Personnel Cycle, Audit of the Inventory and Warehousing Cycle
  5. Question
    For Retail and Wholesale Businesses, the Most Important Inventory Is
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For Retail and Wholesale Businesses, the Most Important Inventory Is

Question 41

Question 41

Multiple Choice

For retail and wholesale businesses, the most important inventory is:


A) merchandise available for sale.
B) raw materials.
C) work- in- process.
D) inventory held on consignment.

Correct Answer:

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