Question 41 (4 points) Listen Required: Indicate whether you agree or disagree with the following statements and explain your reasoning. a. Paula Padgett was performing substantive testing over the accounts receivables at New Lion Importers Ltd (New Lion), Paula indicated to her staff member, Leona Ellis: "The accounts receivable balance at New Lion is material in amount The two key assertions that we will be focusing on are the occurrence and the rights and obligations assertions" b. Teresa Tremblay was assigned to the Whitepaper Inc. (Whitepaper) audit Teresa was ensuring that when recognizing revenues, all transactions and events that should have been recorded by Whitepaper have been recorded. Teresa is testing the cut-off assertion Paula Padgett: Teresa Tremblay