Question 2 (60 Points) Regarding the given cases, please choose the proper category and assertion. (4 points per cell) Categories are "Transaction and Events and Related Disclosures (TERD)" and "Account Balances and Related Disclosures (ABRD)". Assertions are presented in Table 5-3 (17e of the textbook). Audit objectives are in Table 5-4 for TERD and 5-5 for ABRD (17e of the textbook) # Case Audit Category Assertion Objective 1 Footnote disclosures related to accounts payable are accurate. 2 Payroll transactions are recorded with the correct amounts. 3 Purchase transactions are recorded to the correct dates Receivables have been classified into the proper account. There is no collateral on property, plant, and equipment. 4 5 Question 2 (60 Points) Regarding the given cases, please choose the proper category and assertion. (4 points per cell) Categories are "Transaction and Events and Related Disclosures (TERD)" and "Account Balances and Related Disclosures (ABRD)". Assertions are presented in Table 5-3 (17e of the textbook). Audit objectives are in Table 5-4 for TERD and 5-5 for ABRD (17e of the textbook) # Case Audit Category Assertion Objective 1 Footnote disclosures related to accounts payable are accurate. 2 Payroll transactions are recorded with the correct amounts. 3 Purchase transactions are recorded to the correct dates Receivables have been classified into the proper account. There is no collateral on property, plant, and equipment. 4 5