Match each of the following controls with the assertion for long-term debt that it supports.
-The portion of long-term debt due in the next year is classified as a short-term liability
A)Classification
B)Accuracy, Valuation, and Allocation
C)Completeness
D)Occurrence and Authorization

Question

Match each of the following controls with the assertion for long-term debt that it supports.
-The portion of long-term debt due in the next year is classified as a short-term liability
A)Classification
B)Accuracy, Valuation, and Allocation 
C)Completeness
D)Occurrence and Authorization

Quizplus · Accepted Answer

The control of "classification" supports the assertion that the portion of long-term debt due in the next year is classified as a short-term liability.

Match Each of the Following Controls with the Assertion for Long-Term