Receipt of ordered materials by the receiving department will generate the completion of a form called

the: a. bill of lading. b. receiving report. c. materials requisition. d. inventory acquisition summary. 2.
easy c The audit of ______ is often the most difficult and complex part of an audit. a. property, plant and
equipment b. cash c. inventory d. prepaid insurance 3. easy d Inventory is a complex area to audit for all
but which of the following reasons? a. Inventory is often in different locations. b. There are several
acceptable valuation methods and some entities use different methods for different types of inventory.
c. Inventory is often the largest account in working capital. d. Inventory valuation includes few
estimates.