Question: Management makes assertions about components of the financial statements. Select the management assertions shown in the righthand column with the proper description of the assertion
Management makes assertions about components of the financial statements. Select the management assertions shown in the righthand column with the proper description of the assertion shown in the lefthand column.
tableDescriptionManagement Assertiontable The accounts and transactions that should be included are included; thus, the financialstatements are complete.table Assets, liabilities, and equity interests have been included in the financial statements atappropriate amounts, and any resulting valuation or allocation adjustments have beenappropriately recorded, and related disclosures have been appropriately measured anddescribed The assets are the rights of the entity, and the liabilities are its obligations., The assets and liabilities exist, and the recorded transactions have occurred.,
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