Confirmation of Accounts Payable Will Provide the Least Amount of Evidence

question 22

Multiple Choice

Confirmation of accounts payable will provide the least amount of evidence for the:

• A) existence or occurrence assertion.
• B) completeness assertion.
• C) valuation or measurement assertion.
• D) rights and obligations assertion.

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Definitions:

Demographic

Statistical data relating to the population and particular groups within it, often used in market research to identify and target specific market segments.

Market Segment

A group of individuals or organizations sharing one or more characteristics that cause them to have similar product and/or service needs.

Target Market

Refers to the specific group of consumers or organizations a company aims to reach with its products or services.