Problem

An auditor selected a product recorded in the finished goods perpetual inventory subsidiar...

An auditor selected a product recorded in the finished goods perpetual inventory subsidiary account. The auditor went to the warehouse and counted the product and compared this amount with the amount in the finished goods perpetual inventory subsidiary account. Which ASB balance assertion is the auditor most likely testing? 

A. Existence

B. Completeness

C. Rights and obligations

D. Valuation

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