Question: Is this correct? All answer choices are the same for each questions. Select the internal control objectives illustrated by the following: a. keeping the inventory
Select the internal control objectives illustrated by the following: a. keeping the inventory storeroom locked safeguarding the inventory from damage or theft b. counting the inventory at the end of the accounting period and comparing it with the inventory ledger clerk's records safeguarding the inventory from damage or theft and reporting inventory in the financial statements c. using subsidiary ledgers and a perpetual inventory system keeping inventory at proper levels and reporting inventory in the financial statements keeping inventory at proper levels and reporting inventory in the financial statements safeguarding the inventory from damage or theft safeguarding the inventory from damage or theft and reporting inventory in the financial statements
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