The Specific Financing Cycle Audit Objective, long-Term Debt and Related

question 56

Multiple Choice

The specific financing cycle audit objective, long-term debt and related income statement balances and stockholders' equity balances are properly identified and classified in the financial statements, relates to the:

• A) rights and obligations assertion.
• B) completeness assertion.
• C) existence or occurrence assertion.
• D) valuation or allocation assertion.
• E) presentation or disclosure assertion.