Question 27 (1 point) Listen George Carter was trying to check whether the inventory of his client, Abe Antiques Ltd. was being carried at the lower of cost and net realizable value. His objective was to fulfill which assertion? Completeness Valuation and allocation Existence w None of the above Question 28 (1 point) Listen When Sydney Burns was unable to perform work on inventory because of a client's insistence that she not attend the inventory count, nor perform tests of details over the inventory count, what kind of audit opinion would Sydney most likely issue? The inventory is a material balance on the client's Balance Sheet Adverse opinion Emphasis of matter Disclaimer of opinton Owalified opinion Question 29 (1 point) Listen Oliver Smith was testing the controls of Blue Coast Ltd. When testing controls, which one of the following evidence gathering procedures is used? Vouching of transactions Confirmations of accounts receivable Tracing of transactions to source documents Enquiry of client personnel