Question: What does the assertion Rights and Obligations state? A . All recorded transactions occurred B . All transactions and accounts are presented C . Assets

What does the assertion "Rights and Obligations" state?
A. All recorded transactions occurred
B. All transactions and accounts are presented
C. Assets are the rights, and liabilities are the obligations, of the entity
D. Financial statement components are properly classified, described, and disclosed
What does the assertion "Rights and Obligations"

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