Assume that during cutoff testing you determined that the last receiving report number for inventory was 24986. Which of the following receiving report numbers would you not expect to be included in inventory and accounts payable at year- end?
A) 24980
B) 19773
C) 23019
D) 24990

Question

Quizplus · Accepted Answer

Receiving report number 24990 would not be expected to be included in inventory and accounts payable at year-end because it is higher than the last receiving report number determined during cutoff testing (24986), indicating it likely pertains to a transaction occurring after the cutoff date.

Assume That During Cutoff Testing You Determined That the Last