Which of the following is not one of the independent auditor’s objectives regarding the examination of inventories?

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Which of the following is not one of the independent auditor’s objectives regarding the examination of inventories?

A. Verifying that inventory counted is owned by the entity.

B. Verifying that the entity has used proper inventory pricing.

C. Ascertaining the physical quantities of inventory on hand.

D. Verifying that all inventory owned by the entity is on hand at the time of the count.

Answer: Verifying that all inventory owned by the entity is on hand at the time of the count

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