Question: Requirement c . Explain why Ling set performance materiality for inventory at a lower amount as compared to accounts receivable, PP&E , and other assets.

Requirement c. Explain why Ling set performance materiality for inventory at a lower amount as compared to accounts receivable, PP&E, and other assets.
A.
Inventory can be completely audited.
B.
There are concerns about obsolescence.
C.
Inventory turnover is a ratio of interest to analysts.
D.
Both A and B.
E.
Both B and C.

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