Which type of report is prepared after inspecting merchandise upon receipt?

A receiving report is the correct answer because it is specifically designed to document and confirm the details of merchandise received by a business. When items are delivered, the receiving report serves as an official record that includes information such as the quantities received, descriptions of the items, and any discrepancies compared to the purchase order. This report is crucial for maintaining accurate inventory records and ensuring that the goods received match what was ordered.

The receiving report plays a key role in the internal controls of a business by helping to verify that the correct products and amounts have been delivered. This process helps prevent potential fraud, theft, or errors that could occur in the inventory management system.

In contrast, a purchase requisition is used to request the procurement of items, a sales report provides insights into sales performance and revenue, and a financial statement summarizes the overall financial position of a company. Each of these documents serves a different purpose, but the receiving report is uniquely focused on the inspection and acknowledgment of merchandise upon receipt, making it the correct choice for this question.