Question: When auditing merchandise inventory at year - end, the auditor performs a purchase cutoff test to obtain evidence that Multiple Choice no goods held on

When auditing merchandise inventory at year-end, the auditor performs a purchase cutoff test to obtain evidence that
Multiple Choice
no goods held on consignment for customers are included in the inventory balance.
all goods purchased before year-end are received before the physical inventory count.
all goods owned at year-end are included in the inventory balance.
no goods observed during the physical count are pledged or sold.

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