Listed below are the management assertions that are contained in financial statements, financial statement misstatements, and concepts. For each of the below misstatements and concepts, select the appropriate assertion by management that is being violated Replies may be used more than once Misstatements &Concepts Assertion a. The client failed to describe in the financial statements significant debt restrictions. b. The client had a significant amount of damaged goods that were presented at cost. c. The client recorded receivables that were fictitious. d. In directional testing, tracing from source documents to journals most directly addresses this assertion. e. The assertion most directly related to the question of ownership of an asset. resentation and disclosure Valuation or allocation Existence and occurrence Completeness Rights and obligations