please do all and answer correctly!

Question 32 1 pts Inventory held by the client should be classified as O a liability, on the balance sheet O an asset, on the balance sheet cost of goods sold, on the income statement revenue, on the income statement Question 34 1 pts The auditor should be alert to o incentives and pressures that may motivate management to misstate inventory O incentives and pressures that may motivate management to correctly state the value of inventory O a relatively stable inventory turnover ratio sound policies relating to inventory management Question 35 1 pts Substantive tests of property, plant and equipment often focus on auditing the disposal of property, plant and equipment agreeing the beginning balance in property, plant and equipment to the prior year's audit O auditing the acquisition of new property, plant and equipment O All of these answer choices are correct. Question 36 1 pts The Financial Accounting Standards Board (FASB) defines a loss contingency as an existing condition or situation involving uncertainty as to possible loss that will ultimately be resolved when one or more future events occur or fail to occur. O True False Question 37 1 pts At the conclusion of the audit, auditors revisit the materiality level determined at the beginning of the audit to ensure it is still appropriate based on the results of audit procedures. O True False