According to the professional standards, a financial statement assertion is relevant if it has a "reasonable possibility of containing a misstatement that would cause the financial statements to be materially misstated." For each of the possible misstatements identified below, please select the appropriate financial statement assertion. Possible Misstatement or Risk Relevant Assertions a. Revenue is overstated because the controller made up fraudulent invoices and recorded them. Existence b. Revenue is understated because the accountant closed the sales cycle a week early to go on vacation. c. Accounts Receivable is overstated because the accounts receivable clerk forgot to apply available discounts. d. Accounts Receivable is overstated because sales are falsified. e. Travel expense is overstated because the sales force charged personal expenses on their corporate credit card. f. Accounts Payable is understated because the office manager lost an invoice for supplies received so it was never recorded. g. The cash balance is understated because funds held in Japan were converted to $USD at the wrong rate. h. The cash balance recorded on the financial statements is overstated because the treasurer is stealing from the company. i. Inventory is overstated because it is held on consignment but included in the inventory balance. j. The cost of goods sold is overstated because time sheets have not been submitted for each job. k. Long Term Debt is overstated due to misclassification by management