For each of the situations below, indicate the management assertion that is violated. Please know that some assertion(s) might be used for more than once while other assertion(s) may not be used at all.

Use this to match : A. valaution of inventory B. existence of accounts payable C. completeness of inventory D. exitence of inventory

Match with these question:

___ cash payment for accounts payable owed to a supplier was made on December 31, 2020 but it was not recorded until January 3, 2021

____ An inventory shipment was received and recorded in the book, but the inventory was stolen before being placed in the company warehouse

____inventory costing $50,000 was shipped to a cusotmer on January 5, 2021, but was recorded as sold with the corresponding entry to costs of goods sold on December 31,2020

___Some inventory purchases were not recorded

___ Upon receipt of inventory, the accounting clerk recorded the unit cost of inventory at $50 per box, while the correct unit cost should be $500 per box