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When auditing merchandise inventory at year-end, the auditor performs a purchase cutoff test to obtain evidence that A All goods owned at year-end are included

When auditing merchandise inventory at year-end, the auditor performs a purchase cutoff test to obtain evidence that

A All goods owned at year-end are included in the inventory balance
B Goods observed during the physical count are pledged or sold
C All goods purchased before year end are received before the physical inventory count
D No goods held on consignment for customers are included in the inventory balance

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