Which One of the Following Assertions Is Not Made by Management

question 35

Multiple Choice

Which one of the following assertions is not made by management in placing an item in the financial statements?

• A) existence or occurrence
• B) direct controls
• C) rights and obligations
• D) presentation and disclosure
• E) completeness

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Definitions:

Base

In chemistry, a base is a substance that can accept hydrogen ions or donate an electron pair in reactions.

Result

The outcome or conclusion of a calculation, experiment, or action, indicating the final effect or findings.

Medication

A substance used in the diagnosis, treatment, mitigation, or prevention of disease.