When Auditing Merchandise Inventory at Year-End,the Auditor Performs Audit Procedures

Multiple Choice

When auditing merchandise inventory at year-end,the auditor performs audit procedures to ensure that all goods purchased before year-end are received before the physical inventory count.This audit procedure provides assurance about which management assertion?

A) Cutoff.
B) Existence.
C) Valuation and allocation.
D) Rights and obligations.
E) Occurrence.