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In Regards to Physical Inventory Counts and Valuations,it Is Not

Question 13

Multiple Choice

In regards to physical inventory counts and valuations,it is not unusual


A) to use inventory counts to be able to journalize sales.
B) for firms to choose fiscal accounting periods to end when inventory levels are high.
C) to count inventory when inventory levels are high.
D) to count inventory twice per week.
E) for external auditors to use experts.

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