Match each assertion to the related audit objective. Each assertion may be used once, more than once, or not at all.

Audit objective 1. To determine whether the amount shown as invento- ries in the financial state- ments is represented by all physical items on hand, in transit, or on consignment. 2. To determine whether the inventory belongs to the company and whether any liens on the inventory are disclosed properly. 3. To determine whether cur rent liabilities consist of amounts due within one year or the natural op- erating cycle of the busi- ness. 4. To determine whether dis- closures concerning cur- rent liabilities are ade- quate. Assertion a. Existence or oc- currence b. Rights and obliga- tions c. Completeness d. Valuation or alloca- tion e. Presentation or dis- closure