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A Friend of Your Works for a Local Electric Products

Question 93

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A friend of your works for a local electric products distributor and has been put in charge of the inventory count at year end. He has been told that he needs to make sure that he includes all of the inventory the company owns in his count, even those items that are not physically on the premises. He is confused by this. He knows that you are studying accounting and business and asks for your help. What explanation do you provide?

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There are items that must be included in...

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