Select from the option list provided the appropriate assertion for each audit procedure. Choose the assertion most likely being tested by the procedure. Each choice may be used once, more than once, or not at all.

$\backslash$table$[[$Audit procedure,Assertion$],[1.$ The auditor determined that pledged inventory was identified.,$\backslash$table$[[$Rights and$],[$obligations$]]],[2.$ The auditor confirmed goods held by the client in a public warehouse.,Existence$],[\backslash$table$[[3.$ The auditor performed a test at year end to assure all purchase$],[$transactions for the year were included in the proper period.$]],$Cutoff$],[\backslash$table$[[4.$ The auditor accounted for the numerical sequence of purchase$],[$orders$.]],$Completeness$],[\backslash$table$[[5.$ The auditor vouched the transactions to record payables to receiving$],[$documents$.]],$Existence$],[\backslash$table$[[6.$ The auditor determined that accounts payable was presented on the$],[$balance sheet as a current liability.$]],$Classification$],[7.$ The auditor observed the taking of the physical inventory.,Existence$],[\backslash$table$[[8.$ The auditor performed an analytical procedure comparing the$],[$relationship of inventory balances with recent purchases, production,$],[$and sales.$]],\backslash$table$[[$Accuracy$,],[$valuation$,$ and$],[$allocation$]]],[\backslash$table$[[9.$ The auditor obtained representations from management that the$],[$financial statement notes clearly described the transactions and events.$]],$Existence$],[\backslash$table$[[10.$ The auditor compared recorded inventory costs with replacement$],[$costs$.]],\backslash$table$[[$Accuracy$,],[$valuation$,$ and$],[$allocation$]]]]$