Indicate the most applicable assertations. Use only one letter for each item.

assertions about classes of transactions and events :

a) Occurrence B)completeness c) Accuracy D)Classification E) Cut-off

Assertions about account balances : F) Existence G) Completeness H) valauation and allocation I) Rights and obligations

Assertions about presentation and disclosure: J) Occurence and rights and obligation K) Completeness L) Accuracy and valuation M) Classification and Understandability

Items:

A) Company management says that the company own assets included in the accounting records.

B) All inventory purchases that took place has been recorded.

C) Sales shipped FOB destination, still in transit at the end of year 1 are excluded from the revenue of year 1.

D) Management states that the probable losses from all law suits and claim against the company have been recognized in the financial statements.

E) Management complies with accounting principles in determining depereciation expense.

F) All sales that have been recorded, took place.

G) The financial statement footnotes include the significant accounting principles used.

H) No footnotes are included with the financial statements.