Which of the Following Assertions Is the Primary Assertion That

question 25

Multiple Choice

Which of the following assertions is the primary assertion that is satisfied by physically observing the client's count of inventory?

• A)Rights.
• B)Valuation.
• C)Completeness.
• D)Existence.

---

Definitions:

Damages

Monetary compensation awarded to a person who has suffered loss or harm due to the unlawful act or negligence of another.

Buyer

An individual or entity that purchases goods or services from another.

UCC

All commercial transactions across the United States are governed by a thorough set of legal guidelines known as the Uniform Commercial Code (UCC).

Cancel

The act of terminating or putting an end to a contract, agreement, or reservation.