Quiz M 13 Auditing

Quiz M 13 Auditing - View Attempt 1 of 1 Title: M13...

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View Attempt 1 of 1 Title: M13 Started: March 16, 2009 7:29 PM Submitted: March 16, 2009 7:56 PM Time spent: 00:27:20 Total score: 6/10 = 60% Total score adjusted by 0.0 Maximum possible score: 10 1. Which of the following auditing procedures most likely would provide assurance about a manufacturing entity's inventory valuation? Student Response Value Correct Answer Feedback a. Testing the entity's computation of standard overhead rates 100% b. Obtaining confirmation of inventories pledged under loan agreements 0% c. Reviewing shipping and receiving cutoff activities for inventories 0% d. Tracing test counts to the entity's inventory listing 0%
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0/1 2. Which of the following is the best audit procedure for the discovery of damaged merchandise in a client's ending inventory? Value % Score: 1/1 3. Which of the following control activities would most likely be used to maintain accurate perpetual inventory records? Value
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Quiz M 13 Auditing - View Attempt 1 of 1 Title: M13...

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