From the dropdown menu, select the appropriate assertion about classes of transactions that corresponds with the description provided.

		Assertion (Account Balances)		Description
1.		Select the appropriate assertion. Accuracy, valuation and allocationRights and obligationsCompletenessExistencePresentationClassification		Assets, liabilities, and equity interests exist.
2.		Select the appropriate assertion. PresentationClassificationExistenceCompletenessRights and obligationsAccuracy, valuation and allocation		The entity holds or controls the rights to assets, and liabilities are the obligations of the entity.
3.		Select the appropriate assertion. Rights and obligationsCompletenessClassificationExistencePresentationAccuracy, valuation and allocation		All assets, liabilities, and equity interests that should have been recorded have been recordedand all related disclosures that should have been included, have been included.
4.		Select the appropriate assertion. ClassificationAccuracy, valuation and allocationExistenceRights and obligationsPresentationCompleteness		Assets, liabilities, and equity interests are included in the financial statements at appropriate amounts and any resulting valuation or allocation adjustments are appropriately recordedand related disclosuresare appropriately measured and described.
5.		Select the appropriate assertion. Accuracy, valuation and allocationPresentationRights and obligationsCompletenessExistenceClassification		Assets, liabilities, and equity interests have been recorded in the proper accounts.
6.		Select the appropriate assertion. CompletenessClassificationRights and obligationsExistenceAccuracy, valuation and allocationPresentation		Assets, liabilities, and equity interests are appropriately aggregated or disaggregated and clearly described; related disclosures are relevant and understandable.