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After an auditor has performed test counts of inventory during physical inventory count observation, the auditor traced the tests counts to the clients inventory listing,

After an auditor has performed test counts of inventory during physical inventory count observation, the auditor traced the tests counts to the clients inventory listing, and then to the perpetual inventory records. This TOB procedure concerns the managements assertion of

Select one:

a. rights and obligation.

b. completeness.

c. valuation or allocation.

d. existence or occurrence.

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