During the year-end merchandise inventory audit, the auditor executes audit procedures to confirm that the physical inventory
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Question:
During the year-end merchandise inventory audit, the auditor executes audit procedures to confirm that the physical inventory count is completed after assuring that all goods purchased before year-end are received. This audit method provides assurances about which management assertion?
Group of answer choices
Cutoff or completeness
Existence
Valuation and allocation
Rights and obligations
Occurrence
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