From the dropdown menu, select the appropriate assertion about classes of transactions that corresponds with the description provided.Assertion$($Account Balances$)$Description$1\mathrm{.}2\mathrm{.}3\mathrm{.}4\mathrm{.}5\mathrm{.}6.$Assets, liabilities, and equity interests exist.The entity holds or controls the rights to assets, and liabilities are the obligations of the entity.All assets, liabilities, and equity interests that should have been recorded have been recorded and all related disclosures that should have been included, have been included.Assets, liabilities, and equity interests are included in the financial statements at appropriate amounts and any resulting valuation or allocation adjustments are appropriately recorded and related disclosures are appropriately measured and described.Assets, liabilities, and equity interests have been recorded in the proper accounts.Assets, liabilities, and equity interests are appropriately aggregated or disaggregated and clearly described; related disclosures are relevant and understandable.