Financial statements implicitly or explicitly include management's assertions about the fair presentation of information, that is, about its recognition, measurement, presentation, and disclosure. Select from the option list provided the appropriate assertion of a nonissuer's management for each definition. Each choice will be used once. Service 1. Recorded transactions and events actually took place. 2. Amounts and other data were recorded appropriately. 3. All assets, liabilities, and equity interests that should have been recorded were recorded. 4. Assets are appropriately presented and described, and related disclosures are clearly expressed. 5. Transactions and events were recorded in the proper period. 6. Assets, liabilities, and equity interests are included at appropriate amounts and adjustments are appropriately recorded. 7. The entity owns the assets, and liabilities are its obligations. 8. Assets, liabilities, and equity interests are bona fide. Assertion 183 BE E E !!!! 23

Select an option below Accuracy, valuation, and allocation Cutoff Rights and obligations Accuracy Existence Rights and obligations Accuracy Existence Presentation Occurrence Completeness Financial statements implicitly or explicitly include management's assertions about the fair presentation of information, that is, about its recognition, measurement, presentation, and disclosure. Select from the option list provided the appropriate assertion of a nonissuer's management for each definition. Each choice will be used once