Which of the following are management assertions about the accounts in long-term debt and owner's equity process?
A) existence or occurrence - for both classes of transactions and account balances
B) completeness - for classes of transactions
C) valuation and allocation - for account balances
D) rights and obligations - for both classes of transactions and account balances
E) accuracy - for account balances
F) both A and C
G) both C and E
H) both D and E
Correct Answer:
Verified
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