Inventory is a complex accounting and auditing area due to all of the following except
A)diversity of items in inventory.
B)high volume of activity.
C)potential difficulty in correctly valuing inventory.
D)ease in identifying obsolete inventory.

Question

Quizplus · Accepted Answer

Identifying obsolete inventory may not be easy and straightforward, as it requires a careful analysis of market demand, product lifecycle, and other factors. The other options listed are valid reasons why inventory is a complex area of accounting and auditing.

Inventory Is a Complex Accounting and Auditing Area Due to All