Which of the following primary assertions is satisfied when an auditor observes the entity's physical count of inventory?

A) Valuation.
B) Completeness.
C) Existence.
D) Rights and obligations.

Answer: C) Existence.

Business

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Why are direct channels of distribution common in business-to-business markets dealing with high-dollar, high-profit items?

What will be an ideal response?

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The theory of ________ implies that you should allow another firm to perform work activities for your company if that company can do it more productively than you can

Fill in the blanks with correct word

Business