Question: what is cut - off assertion? a . that reported assets, liabilities, and equity actualy exist, and reported transatctions have actually occured b . that

what is cut-off assertion?
a. that reported assets, liabilities, and equity actualy exist, and reported transatctions have actually occured
b. that all the reported finanical statement items are reported at the appropriate amounts with appropriate valuation andallocation adjustments
c. that th ecompany recorded the transactions underlying all of the reported financial statements items in teh appropriate period. d
d. none of the above

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