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Boxes or other containers holding inventory should also be opened during test counts to determine the ___________ of the inventory.

a. Classification
b. Detail tie-in
c. Existence
d. Realizable value

User Evan Teran
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1 Answer

3 votes

Answer:

C. Existence

Explanation:

How do you test inventory existence?

For inventory that is in the company's possession, the best way to test the existence assertion is to observe the company's physical inventory observation.

User Winhowes
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