The Existence Assertion Pertains to Whether Items Included in Inventory

question 31

True/False

The existence assertion pertains to whether items included in inventory are valid but does not extend to whether the reported dollar amount is the correct amount for the inventory items.

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Definitions:

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a comprehensive classification of mental disorders used by healthcare professionals.

Reliability

The degree to which an assessment tool produces stable and consistent results over multiple administrations or observations.

Diagnostic

Pertaining to the identification and characterization of diseases or disorders through systematic analysis of symptoms, history, and test results.

Standardized Test

A test that is administered and scored in a consistent manner to ensure legal defensibility and fairness in measurement of academic achievement or aptitude.