Question: Financial statement assertions include: A . Completeness; existence; occurrence; and risk assessment. B . Valuation, allocation, and accuracy; completeness; and understandability of presentation and classification.

Financial statement assertions include:
A.
Completeness; existence; occurrence; and risk assessment.
B.
Valuation, allocation, and accuracy; completeness; and understandability of presentationand classification.
C.
Information and communication; rights and obligations; existence; and occurrence.
D.
Understandability of presentationand classification; independence, integrity, and objectivity; and rights and obligations.

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