Purchase cutoff procedures should be designed to test whether all inventory a. Purchased and received before the

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Purchase cutoff procedures should be designed to test whether all inventory

a. Purchased and received before the end of the year was paid for.

b. Ordered before the end of the year was received.

c. Purchased and received before the end of the year was recorded.

d. Owned by the company is in the possession of the company at the end of the year. P-968

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