List the management assertion (existence and occurrence, completeness, valuation and allocation, rights and obligations, or presentation and disclosure) affected by the situation described. Situation An invoice for inventory purchased and received was not sent by the vendor. Consequently, a journal entry was not made to reflect this purchase. Your client holds inventory on consignment for another company. The consigned inventory is included in the client's inventory balance. Management doesn't show a current portion of long-term debt on the financial statements, even though the amount is material. Management determines that several recorded accounts receivable will not be collected. Inventory for sales occurring at the end of the year is moved to a separate part of the warehouse where inventory is stored waiting for shipment. The company recognizes sales revenue when the goods are moved. A competitor has introduced a new product that is half of the price of one of your client's products. The accounts receivable clerk mistakenly records a sale to one of the company's customers as $21,000 instead of $12,000. The cost accountant undercalculated direct labor costs. Consequently, the manufactured Assertion